Boston Real Estate Market Update: Key Trends and Neighborhood Insights

The Boston real estate market continues to be dynamic, with significant variations across different neighborhoods. Our latest analysis reveals some interesting trends in units sold, median sale prices, price per square foot, and days on market. Here's a breakdown of what's happening in key areas:

Luxury Neighborhoods Leading the Market

Midtown and Seaport District

• Midtown leads the pack with the highest median sale price at $2,100,000 and the highest median price per square foot at $1,478.92. This indicates continued demand for luxury properties in this area.

• Seaport District also commands high prices, with a median sale price of $1,935,000 and a median price per square foot of $1,773.58.

• Back Bay and Beacon Hill show robust activity with median sale prices above $1,300,000 and price per square foot exceeding $1,200.

Mid-Range Boston Markets: Diverse Price Points

Allston, Brighton, Roslindale, Dorchester

• Areas like Allston, Brighton, and Roslindale offer more moderate median sale prices around the $600,000 range.

• Dorchester shows a range of prices depending on the specific zip code, with median sale prices spanning from $572,500 to $684,500.

• East Boston and Jamaica Plain showcase median sale prices in the $639,500 to $762,500 range.

Days on Market: Where Homes Sell Fastest

Brighton, West Roxbury, Charlestown vs. Beacon Hill

• Properties in Brighton and West Roxbury are moving quickly, with a median of only 19 and 20 days on the market, respectively.

• Charlestown also sees relatively fast sales, with a median of 21 days on the market.

• In contrast, Beacon Hill has the highest median days on market at 61.5, suggesting a slightly slower pace in this area.

What This Means for Buyers and Sellers

• The Boston market presents diverse opportunities for buyers and sellers, depending on the neighborhood.

• Luxury segments in Midtown and Seaport District continue to thrive.

• Areas like Brighton and West Roxbury indicate a fast-paced market, favoring sellers.

• Days on market vary significantly across neighborhoods, reflecting different market dynamics.

Work with a Local Boston Real Estate Expert

Whether you're looking to buy or sell in Boston, our team has the local expertise to guide you through the process. Contact us today for personalized assistance.