See photos and updates from listings directly in your feed
Share your favorite listings with friends and family
Save your search and get new listings directly in your mailbox before everybody else
Welcome to The Griffin Real Estate Market Update, I’m Danny Griffin.
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 2022 vs 2023:
The Number of SOLD listings decreased by 28% to 124 properties with a top sale of $19 million at 78 Beacon Street #PH in Beacon Hill.
The Average Sales Price increased by 1% to $2.12 million and the Average Price Per Square Foot increased by 5% to $1,301 per square foot.
The inventory of properties available for sale as measured in months supply decreased by 31% to 1.78 months worth of properties for sale.
The average 30-year fixed mortgage rate increased by 2% to an average rate of 6.90% 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
2022 – $2090634.62
2023 – $2116560.87
increased by 1%
Average Days On Market
2022 – 53
2023 – 46
decreased by 13%
Average Sale Price Per Square Foot
2022 – $1240.80032393903
2023 – $1301.15914209353
increased by 5%
Median Sales Price
2022 – $1200000
2023 – $1158000
decreased by 4%
Number of Sold Listings
2022 – 173
2023 – 124
decreased by 28%
Months Supply of Inventory
2022 – 2.57
2023 – 1.78
decreased by 31%
Mortgage Rate
2022 – 6.90%
2023 – 6.74%
2% increased
Top 10 Sales
- $19000000 78 Beacon Street Beacon Hill, MA
- $17250000 73 Beacon St Beacon Hill, MA
- $11900000 75 Beacon Street #2 Beacon Hill, MA
- $7950000 22 W Cedar St Beacon Hill, MA
- $7400000 31 Chestnut Street Beacon Hill, MA
- $7345000 81 Beacon Street #PH Beacon Hill, MA
- $6550000 83 Mount Vernon St #2 Beacon Hill, MA
- $6350000 4 West Cedar St Beacon Hill, MA
- $6170000 17 W Cedar St Beacon Hill, MA
- $5850000 8 Byron Street Beacon Hill, MA
GRAB OUR FREE COURSES
➡ 6 Steps To Home Buyer Success – http://griffinbuyercourse.com
➡ 7 Steps To Home Seller Plan – http://griffinsellercourse.com
➡ 8 Steps To Agent Success – http://griffinagentcourse.com
