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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 – $2,107,008.38
2024 – $2,098,630.63
had no change with
Average Days On Market
2023 – 46
2024 – 50
increased by 9%
Average Sale Price Per Square Foot
2023 – $1299
2024 – $1335
increased by 3%
Median Sales Price
2023 – $1,100,000
2024 – $1,375,000
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
- $1,975,000 25 Beacon Street #3 Beacon Hill, MA
- $9,500,000 63 Mount Vernon Street #PH Beacon Hill, MA
- $8,300,000 6 W Cedar St Beacon Hill, MA
- $7,875,000 102 Chestnut St Beacon Hill, MA
- $7,700,000 45 Temple St #PH3 Beacon Hill, MA
- $7,050,000 23 W Cedar Beacon Hill, MA
- $5,975,000 2 Spruce St Beacon Hill, MA
- $5,600,000 86 A Beacon #3 Beacon Hill, MA
- $5,378,800 95 Beacon St #6 Beacon Hill, MA
- $5,325,000 64 Chestnut Street Beacon Hill, MA
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