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(Prices and inventory current as of Oct 21, 2021)

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Direct Access To All Multiple
Listings Like Realtors®

(Prices and inventory current as of Oct 21, 2021)

See Pictures and updates (icon)See photos and updates from listings directly in your feed

Share with you friends (icon)Share your favorite listings with friends and family

Save your search (icon)Save your search and get new listings directly in your mailbox before everybody else

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Real Estate Market Update | Boston |2021 3rd Quarter Vs 2020 3rd Quarter

Real Estate Market Update | Boston |2021 3rd Quarter Vs 2020 3rd Quarter

Welcome to The Griffin Real Estate Market Update.

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 Boston residential properties, here’s what happened in Q3 2021 versus Q3 2020:

The Number of SOLD listings increased by 16% to 563 properties with a top sale of $21.5 million at 776 Boylston Street #PH2E in Boston.

The Average Sales Price increased by 31% to $1.6 million moving the Average Price Per Square Foot up to $1112 per square foot.

The inventory of properties available for sale as measured in months supply decreased by 58% to 4.04 months worth of properties for sale.

The average 30 years fixed mortgage rate increased to 3.17% 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
Q3 2020 – $1219223.42561983
Q3 2021 – $1599783.22918295
increased by 31%

Average Days On Market
Q3 2020 – 41
Q3 2021 – 50
increased by 22%

Average Sale Price Per Square Foot
Q3 2020 – $1029.95079625072
Q3 2021 – $1112.28993632998
increased by 8%

Sale to List Price Ratio
Q3 2020 – 98.33%
Q3 2021 – 98.74%
had no change with

Number of Sold Listings
Q3 2020 – 484
Q3 2021 – 563
increased by 16%

Months Supply of Inventory
Q3 2020 – 9.54
Q3 2021 – 4.04
decreased by 58%

Mortgage Rate
Q3 2020 – 3.05%
Q3 2021 – 3.17%
4% increased

Top 10 Sales

  1. $21500000 776 Boylston Street #PH2E Boston, MA
  2. $15150000 7 Mount Vernon Place Boston, MA
  3. $11000000 2 Commonwealth #15 E/F Boston, MA
  4. $10500000 14 Walnut Street Boston, MA
  5. $9800000 70-72 Mount Vernon Street #PH Boston, MA
  6. $9375000 22 Liberty Drive #PH1F Boston, MA
  7. $9150000 776 Boylston Street #PH 1F Boston, MA
  8. $8600000 445 Marlborough St Boston, MA
  9. $8500000 28 Chestnut Street Boston, MA
  10. $8050000 288 Commonwealth Ave #PH Boston, MA

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