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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 Q2 2023 vs Q2 2024:
The Number of SOLD listings increased by 33% to 52 properties with a top sale of $10.975 million at 25 Beacon St #3 in Beacon Hill.
The Average Sales Price increased by 52% to $2.57 million and the Average Price Per Square Foot increased by 11% to $1,404 per square foot.
The inventory of properties available for sale as measured in months supply increased by 90% to 5.55 months worth of properties for sale.
The average 30-year fixed mortgage rate increased by 3% to an average rate of 7.02% 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.
Boston
Average Sales Price
Q2 2023 – $1687512.82
Q2 2024 – $2569613.46
increased by 52%
Average Days On Market
Q2 2023 – 35
Q2 2024 – 50
increased by 43%
Average Sale Price Per Square Foot
Q2 2023 – $1263.46466041725
Q2 2024 – $1403.84705021407
increased by 11%
Median Sales Price
Q2 2023 – $830000
Q2 2024 – $1475000
increased by 78%
Number of Sold Listings
Q2 2023 – 39
Q2 2024 – 52
increased by 33%
Months Supply of Inventory
Q2 2023 – 2.92
Q2 2024 – 5.55
increased by 90%
Mortgage Rate
Q2 2023 – 7.02%
Q2 2024 – 6.84%
3% increased
Top 10 Sales
- $10975000 25 Beacon Street #3 Beacon Hill, MA
- $9500000 63 Mount Vernon Street #PH Beacon Hill, MA
- $8300000 6 W Cedar St Beacon Hill, MA
- $7875000 102 Chestnut St Beacon Hill, MA
- $5975000 2 Spruce St Beacon Hill, MA
- $5325000 64 Chestnut Street Beacon Hill, MA
- $4800000 45 Temple St #402 Beacon Hill, MA
- $4420000 55 Pinckney St Beacon Hill, MA
- $4285000 32 River Street Beacon Hill, MA
- $4250000 45 Temple St #103 Beacon Hill, MA
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