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 Boston residential properties, here’s what happened in 2023 vs 2024:
The Number of SOLD listings decreased 1% to 1,398 properties with a top sale of $20.3 million at 150 Seaport Blvd #19C & E in Boston.
The Average Sales Price decreased 5% to $1.73 million and the Average Price Per Square Foot decreased 1% to $1,230 per square foot.
The inventory of properties available for sale as measured in months supply increased by 23% to 3.20 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 – $1826186.87
2024 – $1733620.11
decreased by 5%
Average Days On Market
2023 – 48
2024 – 52
increased by 8%
Average Sale Price Per Square Foot
2023 – $1244.97
2024 – $1230.07246184083
decreased by 1%
Median Sales Price
2023 – $1215000
2024 – $1215000
had no change with
Number of Sold Listings
2023 – 1413
2024 – 1398
decreased by 1%
Months Supply of Inventory
2023 – 2.61
2024 – 3.2
increased by 23%
Mortgage Rate
2023 – 7.04%
2024 – 6.90%
2% increased
Top 10 Sales
- $20348000 150 Seaport Blvd #19C&E Boston, MA
- $16500000 279 Marlborough St Boston, MA
- $12500000 776 Boylston St #PH1F Boston, MA
- $11575000 240 Devonshire Street #PH1A Boston, MA
- $10975000 25 Beacon Street #3 Boston, MA
- $10400000 430 Stuart #PH35D Boston, MA
- $10200000 222 Commonwealth Avenue #PH Boston, MA
- $9500000 63 Mount Vernon Street #PH Boston, MA
- $9250000 400 Stuart Street #PH2 Boston, MA
- $9250000 110 Sudbury St #4201-5 Boston, MA
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