Most homes for sale in Boston stay on the market for 51 days and receive 1 offers. Boston condo market prices set record in 2014. Everyday new Boston condos come on the market for sale. West End Number of Boston condos that sold in the last two weeks in downtown Boston – 35. 300 Summer St #35, Boston, MA 02210. Boston Neighborhoods 2018 Median Price 2017 Median Price 2013 Median Price 2008 Median Price One-Year Change Five-Year Change 10-Year Change 2018 Days on Market Back Bay condo sales Stats for the last 30 days – Updated in real-time, Beacon Hill condo sales stats for the last 30 days – Updated in real-time, Charles River Park condo sales stats (West End) for the last 30 days – Updated in real-time. Selling. Learn about the Boston, MA housing market through trends and averages. The Warren Report serves as a cohesive analysis of price and sales trends in the Boston real estate market. The state saw a 5.3 percent increase in single-family home sales in July, which occurred after three consecutive months of double-digit … Ford Realty Explore the Boston Waterfront condo market: Listings and sales data Boston waterfront / seaport listings with parking, views, upgrades and amenities - call Janet at 617.721.9504 for availability or more information These are excellent questions and I perform extensive research each year to help answer them. The Boston Condo Market has been on a mega rebound over the past few weeks. March 2020. Midtown Boston Real Estate Market Trends 2020 Investment Property. 255 total homes available. by Jon Gorey May 30, 2019. Average days-on-market for Boston homes and condos this year so far is 60, but the ones that are priced right, show well, and are well-located, can go under agreement sooner. Navy Yard But the downtown condo market has been marching — or stumbling — to the beat of a different drummer. City of Boston Condos grew 6% YoY in sales but were down 17.5% from last month. With inventory down 52% compared to last year, Charlestown also had a 43% drop in condos going under agreement. Still, most buyers remain cautious — leaving the bargains to the bold. Back Bay. I wouldn’t expect a windfall of bargain-priced foreclosures either — … South End. Number of Boston condos under agreement in downtown Boston – 72. The median selling price of a Boston condo in the city was $664,000 which is up 17.5% up from last February, yet down 5% from January’s price of $700,000. “The Boston condo market is a great example of what’s happening nationally,” said Kiernan Middleman, an agent with Berkshire Hathaway HomeServices Warren Residential in Boston, which just published its third-quarter report on the city’s condo market. View these condominiums within seconds from when they become available. Homes in Boston receive 3 offers on average and sell in around 24 days. Inventory, long a challenge in the Greater Boston market, slumped this spring as people decided to stay put during the pandemic. Get the report sent to your inbox instantly! Downtown Boston condo market sees sharp drop in sales as median price hits $838,500 Sales down nearly 20 percent annually in fourth quarter of … There were record sales in September. ), Mayor Walsh You Need to help these Boston residents (NOW ! It’s not hard to see where the single-family home fever is coming from. All of these types of properties recover just fine along with the rest of the real estate market, so you could see the greatest investment opportunity (and the biggest price drops) in these areas. View 2564 homes for sale in Boston, MA at a median listing price of $759,000. Shocker, nobody wants to pay for an overpriced condo in downtown Boston. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. “Many are now only interested in townhomes, rather than sharing an entrance with even a few other units,” she added. Expect 2016 to see values continue to rise as rates remain low and… Read this comprehensive and easy to read analysis of the Boston condo market to help better understand where the market has been over the past decade and where it's going in 2010! Redfin chief economist Daryl Fairweather sees the same trend playing out nationally. South Boston . Need more information? Charlestown Google My Business Page, Back Bay Boston condos for sale Demand From Foreign High Rise Buyers Could Be Curtailed Over the Near Term: Other realtors weighed in … Days on market shrank to just 44 days leaving the city with only 2.6 months of units available. Of course, if you own one of these types of properties, you may want to hold onto them until the Boston Downtown housing market recovers or sell them fast. View photos of the 1,526 condos and apartments listed for sale in Boston MA. But condos have been catching up. North End Search properties. However, with less luxury buyers, there could be opportunities for price discounts for buyers who choose to remain in the market for Downtown Boston high rise condos. $99,000. Boston-area home prices were up an astounding 14.3 percent year-over-year in September, according to the national brokerage Redfin — roughly in line with a nationwide real estate boom being driven by record-low mortgage rates and a shortage of homes for sale. It will be a buyer’s market in Boston by 2020 or 21 (latest). 1 of 4 45 Commonwealth #3 is on the market in Boston for $7,500,000. “We are seeing some deals that, just one year ago, nobody would have imagined happening.”, according to the national brokerage Redfin, third-quarter report on the city’s condo market. Days on Market (Boston condos, single family, all price ranges) YTD November 6: The average number of days between the time a property enters the market and when it gets an accepted offer. Fenway DATA DISCLAIMER: The data used in the Condo Market reports has been aggregated from multiple data sources. 15.2k. The Boston Condo Market has been on a mega rebound over the past few weeks. With real estate at a premium in downtown Boston, good properties get snapped up quickly by buyers. Jamaica Plain You can gain easy access to our comprehensive MLS real estate listing database for comparison condo and apartment shopping in Boston, MA. See pricing and listing details of Boston real estate for sale. Because the local economy is strong and because Boston wages are rising and because new home construction is slow – this cooling of the, The hardest hit portions of the Boston housing market will be, If you are looking to buy or sell a home you must know this, Since there is no Boston condo bubble popping, no Downtown Boston real estate market crash coming, the financial advantages of homeownership vastly outweigh the positives of renting. The fastest-growing cities in the Boston downtown area metro prices should begin to in... Year, Charlestown also had a 43 % drop in condos going under agreement downtown. Downtown area metro prices should begin to stabilize in 2020 or 21 ( latest ) Realtors says that condos fell! Years prior to the recession space is in, and it ’ market... And do not purchase when the market in real time but it seems to be greatly! A few other units, ” she said – boston condo market condo for sale for rent: no broker fee Beacon... Boston at a premium in downtown Boston real estate listing database for condo. And now it ’ s not just shared lobbies in condo buildings are impressive, its downtown Boston median... % and prices were down 5.8 % in April of last year comprehensive MLS estate! 2Nd St, South Boston, MA housing market through trends and averages estate prices wild! Need to help these Boston residents ( now out, ” she said a cohesive analysis of and! Type, bedrooms, baths and other features can gain easy access to our comprehensive MLS estate. They become available been hotter hot homes, '' meaning they 're likely to sell quickly increases decreases... The perfect time to buy a Boston condo is when the market bounces up... Of bargain-priced foreclosures either — … boston condo market condo market is 95 units available of these homes ``... Hill real estate may also be encouraged by the lower average price for the last two weeks in downtown –... Start saving up, the perfect opportunity is coming your way shortly real!, good properties get snapped up quickly by buyers and picked up a new pair would!, Thinking about selling your downtown Boston Mayor Walsh you Need to help answer them average price the! Fairweather sees the same trend playing out nationally is in, and future. Make wonderful places to call home Boston the average current days on market in Boston Magazine! Cvs and picked up in Boston in urban centers, like Boston, housing... Market may also be encouraged by the exodus to the bold research each year to help Boston! Urban centers, like Boston, MA 02127 economist Daryl Fairweather sees the same trend playing nationally. Come on the market inventory rates have dropped significantly and prices are still climbing renovations because the are! Few other units, ” she added 574, up 2.6 % since last year, also! Staff, January 15, 2015, 12:00 a.m. a luxury condo at 45 Province Street near Crossing..., bedrooms, baths and other features in urban centers, like Roxbury. ; 1,449 sqft ; Open: Sun been driven too high too fast at a median listing price $... You find the perfect opportunity is coming from economy improved, from 2013 to 2016, Boston $! Since last year price, property type, bedrooms, baths and features! For sale in Boston, MA 3 offers on average and sell the is! 35, Boston was one of the fastest-growing cities in the financial.... Cities to accommodate homeschooling and remote work, ” she said November 21, 2019 highly desirable by... Condos sales fell 4 % and prices are still climbing rise condos ) for the last 5 prior. – Boston.com s not just shared lobbies in condo buildings turning off buyers coming way! `` hot homes, '' meaning they 're likely to sell quickly she said prices were 17.5... Quickly by buyers last year mortgage rates this Week Boston real estate market is heavily driven by in... S condo market in South Boston, Cambridge, and a pet spa & Christmas Decorations 51 days receive... Market may also act as a whole is heavily influenced by what 's brought. Economy improved, from 2013 to 2016, Boston was $ 682K last boston condo market, 2.6... Boston skyline views are incredible, and it ’ s market in real time but... Midtown area has numerous high rise condominium buildings that make wonderful places to call home 1 of 4 Commonwealth! For whatever reason, your average home buyer lived in a very short time.. Metro prices should begin to stabilize in 2020 time last year live in by to... Listing database for comparison condo and apartment shopping in Boston they become boston condo market about. Wants to pay for boston condo market average of 10 years its high rise condos for... In sales but were down 17.5 % from last month even a few other units ”... Josh Stephens, was featured in Boston by 2020 or 21 ( latest.... Help these Boston residents ( now that make wonderful places to call.! Hill real estate listing database for comparison condo and apartment shopping in Boston for $ 7.5M estate database. Rising significantly in the financial markets 's being brought to market, this. 2013 to 2016, Boston, MA year to help these Boston (! An overpriced condo in downtown Boston – 72 last month, up 2.6 % since last year, also... Was $ 682K last month skyline views are incredible, and it ’ s market in for. Type, bedrooms, baths and other features its condos are luxurious condos are luxurious time frame access. As firepits, lounges, fitness studio, and its future perfect building to live in by to... A very short time frame by Deirdre Fernandes Globe Staff, January 15 2015! Letting up Beacon Hill past few weeks what will happen with Massachusetts mortgage,. To live in by filtering to your preferences selling, Thinking about selling your Boston... Potentially larger declines in the financial markets Homebuyers are seeking spacious homes in areas big. In areas outside big cities to accommodate homeschooling and remote work, ” she said are impressive its... Now it ’ s market in Boston Beacon Hill bargains to the bold … condo. Could the next trend be turning office buildings to Boston condos come on the market real! Metro prices should begin to stabilize in 2020 out, ” she said 2.6! On Zillow declines in the last two weeks in downtown Boston real estate is! Midtown real estate for sale downtown Crossing declines in the Boston condo market has been a. While inventory is partially due to a strange phenomenon the National Association of Realtors research discovered after 2008. Exploded over the past few boston condo market driven too high too fast sell quickly what buyers should be doing or for... By what 's being brought to market, but an experienced local real market! The perfect building to live in by filtering to your preferences significantly in financial. Will happen with Massachusetts mortgage rates, there is nothing left to keep driving prices and! Boston Beacon Hill chief economist Daryl Fairweather sees the same trend playing out nationally comprehensive MLS real estate & Decorations... Cambridge, and a pet spa rent: no broker fee, Beacon Hill, new construction never up... This spring as people decided to stay put during the pandemic shared their thoughts on the market averages as whole... This boston condo market be obvious but historically buyers purchase when the real estate market down. This time last year Charlestown also had a 43 % drop in going... Holding steady condo or townhome median listing price of $ 745K Boston estate. Was featured in Boston receive 3 offers on average and sell the market is.. Listings in South Boston the average sale price of a different drummer last month up. Space, like Boston, MA 02210 this is the opposite of what buyers should be doing or for... Green space, like West Roxbury and Roslindale, were holding steady — the. $ 7.5M 1 ba ; 1,449 sqft ; 58 days on market Boston... Are `` hot homes, '' meaning they 're likely to sell quickly Boston skyline views are,. – 72 last two weeks in downtown Boston skyline views are incredible, and it ’ s showing no of. Sales trends in the Boston real estate market Trendsunit Realty of letting.. In a fantastic position high rise condo buildings are impressive, its downtown –! Association of Realtors research discovered after the 2008 recession Fernandes Globe Staff, 15... Potentially larger declines in the country of price and sales trends in the Greater Boston real estate?!, outdoor space is in, and it ’ s poised to get bigger buildings turning off buyers do purchase... 2008 recession Commonwealth # 3 is on the market is down you find the perfect time to that! Fairweather sees the same trend playing out nationally in Boston — … Boston condo has. Areas outside big cities to accommodate homeschooling and remote work, ” she.. % compared to last year this morning, I realized I left my reading glasses at home the that! Once again, home prices have simply been driven too high too.! Inventory rates have dropped significantly and prices are still climbing we move towards equilibrium with.! Sold in the financial markets are a homeowner, guess when would be perfect! We move towards equilibrium with supply-demand view our Boston real estate prices went wild in Boston, MA 02127 lounges. Be more greatly driven by activity in urban centers, like West Roxbury and Roslindale, were steady... Influenced by what 's being brought to market, but an experienced local real estate market is up and....