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Welcome to The Griffin Real Estate Market Update
If you’re thinking about buying or selling residential real estate, it’s important to understand the current market trends.
According to MLSPIN, the marketplace for Beacon Hill residential properties, here’s what happened in Q2 2023 versus Q2 2022:
The Number of SOLD listings decreased by 48% to 34 properties with a top sale of $11.9 million at 75 Beacon St #2 in Beacon Hill.
The Average Sales Price decreased by 27% to $1.71 million and the Average Price Per Square Foot decreased by 4% to $1,261 per square foot.
The inventory of properties available for sale as measured in months supply increased by 1% to 3.34 months worth of properties for sale.
The average 30-year fixed mortgage rate increased by 17% to an average rate of 6.84% according to Bank Rate.com
If you’re thinking about buying or selling residential real estate now or in the near future, it’s important to seek the guidance and advice of a professional real estate agent.
Thanks for tuning in, we’ll see you in the next Griffin Real Estate Market Update.
Beacon Hill
Average Sales Price
Q2 2022 – $2338050.2
Q2 2023 – $1714941.18
decreased by 27%
Average Days On Market
Q2 2022 – 31
Q2 2023 – 33
increased by 6%
Average Sale Price Per Square Foot
Q2 2022 – $1309.49
Q2 2023 – $1260.91
decreased by 4%
Median Sales Price
Q2 2022 – $1315000
Q2 2023 – $850000
decreased by 35%
Number of Sold Listings
Q2 2022 – 66
Q2 2023 – 34
decreased by 48%
Months Supply of Inventory
Q2 2022 – 3.32
Q2 2023 – 3.34
increased by 1%
Mortgage Rate
Q2 2022 – 6.84%
Q2 2023 – 5.85%
17% increased
Top 10 Sales
- $11900000 75 Beacon Street #2 Beacon Hill, MA
- $7400000 31 Chestnut Street Beacon Hill, MA
- $3525000 44 Cedar Lane Way Beacon Hill, MA
- $3095000 44 Phillips Street #2 Beacon Hill, MA
- $2999000 53 Mount Vernon Street #2 Beacon Hill, MA
- $2899000 142 Chestnut #8 Beacon Hill, MA
- $2400000 3 Myrtle #1 Beacon Hill, MA
- $2320000 140 Mount Vernon #8 Beacon Hill, MA
- $1650000 79 Beacon St #B Beacon Hill, MA
- $1625000 45 Temple St #102 Beacon Hill, MA
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