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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 2023 versus Q3 2022:
Boston
Average Sales Price
Q3 2022 – $1018839.38
Q3 2023 – $1015978.85
had no change with
Average Days On Market
Q3 2022 – 25
Q3 2023 – 24
decreased by 4%
Average Sale Price Per Square Foot
Q3 2022 – $793.73
Q3 2023 – $832.11
increased by 5%
Median Sales Price
Q3 2022 – $920000
Q3 2023 – $900000
decreased by 2%
Number of Sold Listings
Q3 2022 – 80
Q3 2023 – 52
decreased by 35%
Months Supply of Inventory
Q3 2022 – 1.77
Q3 2023 – 1.88
increased by 6%
Mortgage Rate
Q3 2022 – 7.55%
Q3 2023 – 6.73%
12% increased
Top 10 Sales
- $2499000 45 Elm St Charlestown, MA
- $2000000 5 Putnam Street Charlestown, MA
- $1880000 90 Constitution Rd #90 Charlestown, MA
- $1650000 39 Russell Street Charlestown, MA
- $1570000 115 Baldwin Street Charlestown, MA
- $1525000 60 Chappie Street Charlestown, MA
- $1499000 13 Wall Street Charlestown, MA
- $1438000 81 Russell St Charlestown, MA
- $1425000 13 Union Street #2 Charlestown, MA
- $1350000 310 Bunker Hill St #1 Charlestown, MA
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