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(Prices and inventory current as of Nov 30, 1999)

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Real Estate Market Update | Beacon Hill | 2024 1st Quarter Vs 2023 1st Quarter

Real Estate Market Update | Beacon Hill | 2024 1st Quarter Vs 2023 1st Quarter
April 7, 2024 By: Category: Real Estate Market Update

Real Estate Market Update | Beacon Hill | 2024 1st Quarter Vs 2023 1st Quarter

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 Q1 2023 vs Q1 2024:

The Number of SOLD listings decreased by 52% to 11 properties with a top sale of $3.65 million at 83 Mount Vernon #3 in Beacon Hill.

The Average Sales Price decreased by 32% to $1.19 million and the Average Price Per Square Foot increased by 5% to $1,215 per square foot.

The inventory of properties available for sale as measured in months supply increased by 9% to 3.50 months worth of properties for sale.

The average 30-year fixed mortgage rate increased by 8% to an average rate of 7.01% according to Bank Rate.com

Thanks for tuning in, we’ll see you in the next Griffin Real Estate Market Update.

Boston

Average Sales Price
Q1 2023 – $1756058.48
Q1 2024 – $1194772.73
decreased by 32%

Average Days On Market
Q1 2023 – 62
Q1 2024 – 38
decreased by 39%

Average Sale Price Per Square Foot
Q1 2023 – $1161.40100957463
Q1 2024 – $1215.0645731014
increased by 5%

Median Sales Price
Q1 2023 – $1080000
Q1 2024 – $770000
decreased by 29%

Number of Sold Listings
Q1 2023 – 23
Q1 2024 – 11
decreased by 52%

Months Supply of Inventory
Q1 2023 – 3.21
Q1 2024 – 3.5
increased by 9%

Mortgage Rate
Q1 2023 – 7.01%
Q1 2024 – 6.48%
8% increased

Top 10 Sales

  1. $3645000 83 Mount Vernon #3 Beacon Hill, MA
  2. $2299000 37 Beacon St #31 & 32 Beacon Hill, MA
  3. $1468000 0 Coolidge Ave #CH Beacon Hill, MA
  4. $925000 112 Pinckney Street #16 Beacon Hill, MA
  5. $830000 36 Hancock St #1B Beacon Hill, MA
  6. $770000 15 River Street #803 Beacon Hill, MA
  7. $740500 88 Beacon St #4 Beacon Hill, MA
  8. $700000 21 Hancock St #3 Beacon Hill, MA
  9. $660000 145 Pinckney Street #219 Beacon Hill, MA
  10. $555000 80 Revere St #3 Beacon Hill, MA

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