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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 Q3 2023 vs Q3 2024:
The Number of SOLD listings decreased by 23% to 27 properties with a top sale of $7.05 million at 23 W Cedar in Beacon Hill.
The Average Sales Price increased by 1% to $1.98 million and the Average Price Per Square Foot increased by 2% to $1,298 per square foot.
The inventory of properties available for sale as measured in months supply increased by 162% to 6.96 months worth of properties for sale.
The average 30-year fixed mortgage rate decreased by 17% to an average rate of 6.24% 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
Q3 2023 – $1969562.94
Q3 2024 – $1982418.52
increased by 1%
Average Days On Market
Q3 2023 – 54
Q3 2024 – 56
increased by 4%
Average Sale Price Per Square Foot
Q3 2023 – $1278.49593144084
Q3 2024 – $1298.01185351556
increased by 2%
Median Sales Price
Q3 2023 – $1250000
Q3 2024 – $1610000
increased by 29%
Number of Sold Listings
Q3 2023 – 35
Q3 2024 – 27
decreased by 23%
Months Supply of Inventory
Q3 2023 – 2.66
Q3 2024 – 6.96
increased by 162%
Mortgage Rate
Q3 2023 – 6.24%
Q3 2024 – 7.55%
17% decreased
Top 10 Sales
- $7050000 23 W Cedar Beacon Hill, MA
- $5600000 86 A Beacon #3 Beacon Hill, MA
- $5378800 95 Beacon St #6 Beacon Hill, MA
- $4295000 45 Temple St #511 Beacon Hill, MA
- $3000000 28 Garden St Beacon Hill, MA
- $2950000 53 Mount Vernon Street #3 Beacon Hill, MA
- $2800000 47 Hancock St #2 Beacon Hill, MA
- $2470000 7 Smith Court Beacon Hill, MA
- $2349000 70 Mt Vernon #4A Beacon Hill, MA
- $2300000 80 Beacon Street #61/62 Beacon Hill, MA
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