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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 Boston residential properties, here’s what happened in April 2024 vs March 2024:
The Number of SOLD listings increased by 22% to 112 properties with a top sale of $8.5 million at 300 Pier 4 Blvd #PHG in Boston.
The Average Sales Price increased 4% to $2.11 million and the Average Price Per Square Foot increased 9% to $1,335 per square foot.
The inventory of properties available for sale as measured in months supply increased by 14% to 5.23 months worth of properties for sale.
The average 30-year fixed mortgage rate increased by 4% to an average rate of 7.31% 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
March 2024 – $1858426
April 2024 – $2110609
increased by 14%
Average Days On Market
March 2024 – 53
April 2024 – 49
decreased by 8%
Average Sale Price Per Square Foot
March 2024 – $1227.41
April 2024 – $1335.39
increased by 9%
Median Sales Price
March 2024 – $1252500
April 2024 – $1469000
increased by 17%
Number of Sold Listings
March 2024 – 92
April 2024 – 112
increased by 22%
Months Supply of Inventory
March 2024 – 4.6
April 2024 – 5.23
increased by 14%
Mortgage Rate
March 2024 – 7.31%
April 2024 – 7.01%
4% increased
Top 10 Sales
- $8500000 300 Pier 4 Blvd #PHG Boston, MA
- $8300000 6 W Cedar St Boston, MA
- $6550000 300 Pier 4 Boulevard #7C Boston, MA
- $6500000 184 Beacon #Penthouse Boston, MA
- $5995000 240 Devonshire Street #4908 Boston, MA
- $5400000 134 Beacon Street #101 Boston, MA
- $5200000 22 Liberty Dr #7E Boston, MA
- $4900000 430 Stuart #30D Boston, MA
- $4800000 45 Temple St #402 Boston, MA
- $4600000 110 Sudbury St #4004 Boston, MA
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