Is South Boston, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, South Boston was a Neutral Market.
Key Takeaway
South Boston is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South Boston, MA
How much do homes in South Boston, MA cost?
Median Sold Price
$850,000
$770/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in South Boston have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in South Boston was $850,000 in April 2024, up 2.6% from last year, and the median price per square foot was $770.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $550K | $566.6K | +3.0% |
| 2 Bedrooms | $779.6K | $822.4K | +5.5% |
| 3 Bedrooms | $1.1M | $1.0M | -3.1% |
| 4 Bedrooms | $1.3M | $1.2M | -7.8% |
| 5+ Bedrooms | $1.4M | $1.7M | +25.0% |
Summary: South Boston housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes increased by 5.5%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 7.8%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Neighborhoods
| Seaport | $1.3M | $2.0M | +48.4% |
| South End | $1.1M | $1.4M | +18.3% |
| South Boston | $828.7K | $850K | +2.6% |
| Dorchester | $691.2K | $707.5K | +2.4% |
Housing Supply in South Boston, MA
How many homes are available in South Boston, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 177 | 227 | +28.2% |
Summary: The South Boston real estate market had 227 homes for sale in April 2024, a 28.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 22 | 31 | +40.9% |
| 2 Bedrooms | 90 | 109 | +21.1% |
| 3 Bedrooms | 40 | 47 | +17.5% |
| 4 Bedrooms | 11 | 20 | +81.8% |
| 5+ Bedrooms | 14 | 20 | +42.9% |
Summary: The South Boston housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40.9%, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 17.5%, 4 bedroom homes increased by 81.8%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 34 | 31 | -8.8% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Boston, you may be able to get a good deal. 67.7% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in South Boston in April 2024, down by 8.8% month-over-month. Of the 31 sold homes, 68% were sold under asking, 19% were sold at asking, and 13% were sold over asking.
Days on Market for South Boston, MA
How long does it take to sell a home in South Boston, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 38 Days | 33 Days | -12.2% |
Summary: Homes in South Boston had an average of 33 days on market in Apr 2024, down by 12.2% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Boston are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 31 homes were sold in South Boston; 71% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
