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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 2023 vs 2024:
The Number of SOLD listings decreased by 6% to 118 properties with a top sale of $10.9 million at 25 Beacon Street #3 in Beacon Hill.
The Average Sales Price had no change at $2 million and the Average Price Per Square Foot increased by 3% to $1,335 per square foot.
The inventory of properties available for sale as measured in months supply increased by 102% to 3.55 months worth of properties for sale.
The average 30-year fixed mortgage rate increased by 2% to an average rate of 7.04% 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
2023 – $2107008.38
2024 – $2098630.63
had no change with
Average Days On Market
2023 – 46
2024 – 50
increased by 9%
Average Sale Price Per Square Foot
2023 – $1299.43222189796
2024 – $1335.09393022085
increased by 3%
Median Sales Price
2023 – $1100000
2024 – $1375000
increased by 25%
Number of Sold Listings
2023 – 125
2024 – 118
decreased by 6%
Months Supply of Inventory
2023 – 1.76
2024 – 3.55
increased by 102%
Mortgage Rate
2023 – 7.04%
2024 – 6.90%
2% 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
- $7700000 45 Temple St #PH3 Beacon Hill, MA
- $7050000 23 W Cedar Beacon Hill, MA
- $5975000 2 Spruce St Beacon Hill, MA
- $5600000 86 A Beacon #3 Beacon Hill, MA
- $5378800 95 Beacon St #6 Beacon Hill, MA
- $5325000 64 Chestnut Street Beacon Hill, MA
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