Boston, MA

Boston is the capital and largest city of the state of Massachusetts (officially the Commonwealth of Massachusetts), in the United States. Boston also serves as county seat of Suffolk County. The largest city in New England, the city proper, covering 48 square miles (124 km2), had an estimated population of 645,966 in 2014, making it the 24th largest city in the United States. The city is the anchor of a substantially larger metropolitan area called Greater Boston, home to 4.5 million people and the tenth-largest metropolitan area in the country. Greater Boston as a commuting regionis home to 7.6 million people, making it the sixth-largest Combined Statistical Area in the United States.

One of the oldest cities in the United States, Boston was founded on the Shawmut Peninsula in 1630 by Puritan colonists from England. It was the scene of several key events of the American Revolution, such as the Boston Massacre, the Boston Tea Party, the Battle of Bunker Hill and the Siege of Boston. Upon American independence from Great Britain, the city continued to be an important port and manufacturing hub, as well as a center for education and culture. Through land reclamation and municipal annexation, Boston has expanded beyond the original peninsula. Its rich history helps attract many tourists, with Faneuil Hall alone attracting over 20 million visitors. Boston's many "firsts" include the United States' first public school (1635), and first subway system (1897).

The area's many colleges and universities make Boston an international center of higher education and medicine, and the city is considered to be a world leader in innovation for a variety of reasons. Boston's economic base also includes finance,professional and business services, and government activities.The city has one of the highest costs of living in the United States, though it remains high on world livability rankings.

Through November
Boston, MA - Condominium Properties

 
Boston
  • Unit sales are down 14.2% to 259.
  • Days on market in November was 54. This is up 10.2% from 49 in November of 2013.
  • Price per square foot is up by 5.0%.
Nearby Areas You May Be Interested In
  • Unit sales in Brookline are down 48.9% to 24.
  • Median price in Newton in November was $756,250. This is up 51.4% from $499,600 in November of 2013.
  • Days on market in Brookline is up by 96.2%.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.
Changes Favoring Buyers
3 Months Ending November, 2014 % Chg From Nov, 2013
Unit Sales 952 -9.1%
Market Time (Days) 49 8.9%
Listings Under Contract 949 -6.6%
Changes Favoring Sellers
3 Months Ending November, 2014 % Chg From Nov, 2013
Median Sale Price $471,250 3.6%
Sales to List Price Ratio 98.8% 0.1%
Inventory 817 -12.8%
Months of Supply 2.3 -6.8%
Price per Sq Ft for Sold $625 9.7%
New Listings 1,245 -3.3%
Sales
There were 259 unit sales in November. This is down 14.2% from 302 in November of 2013. On a year-over-year basis, unit sales have been falling for 5 months. This is the lowest unit sales have been since 202 in February, 2014. Sales/list price ratio in November moved up to 99.1% from 98.7% in October.

Prices
Median price in November was $480,000. This is up 4.3% from $460,000 in November of 2013. This is the highest median price has been since June, 2014. 3-month median price of $471,250 in November was up marginally from $459,975 in October and very slightly up from $455,000 in November of 2013. Price per square foot in November was $600. This is down from $636 in October but up from $571 in November of 2013.

Inventory
Inventory of 743 in November was down 14.6% from 870 in October and down 5.0% from 782 in November of 2013. New listings of 254 in November were down substantially from 451 in October but up slightly from 228 in November of 2013. Months of supply of 2.1 in November was down a little from 2.4 in October but up just slightly from 2 in November of 2013.

Market Time
Days on market of 54 in November was up slightly from 46 in October and up a little from 49 in November of 2013. This is the highest days on market has been since March, 2014.

Change in Median Sale Price for Condominium Properties YTD From 2013 To 2014 for Towns in Suffolk County Ranked by Best Performance
Town % Change
Boston 7.35%
Data From: MLSPIN
Towns with an average of at least 10 sales per month (maximum of 10 towns)
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Boston, MA - Single Family Properties

August Headlines
Boston
  • Median price is up 12.9% to $468,500.
  • Price per square foot in August was $342. This is up 16.2% from $295 in August of 2013.
  • Inventory is up by 11.7%.
Other Towns In Suffolk County
  • Median price in Winthrop in August was $326,000. This is down 10.7% from $365,000 in August of 2013.
  • Inventory in Winthrop is down by 61.8%.
  • New listings in Winthrop are down 73.3% to 4.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.
Changes Favoring Buyers
3 Months Ending August, 2014 % Chg From Aug, 2013
Unit Sales 355 -4.6%
Inventory 283 11.4%
Months of Supply 3.4 7.6%
Market Time (Days) 41 2.5%
New Listings 361 10.4%
Changes Favoring Sellers
3 Months Ending August, 2014 % Chg From Aug, 2013
Median Sale Price $469,000 10.4%
Sales to List Price Ratio 99.7% 0.3%
Price per Sq Ft for Sold $340 6.3%
Listings Under Contract 287 9.1%
 
Sales
There were 112 unit sales in August. This is down 7.4% from 121 in August of 2013. Sales/list price ratio in August moved down to 98.2% from 100.6% in July.

Prices
Median price in August was $468,500. This is up 12.9% from $415,000 in August of 2013. 3-month median price of $469,000 in August was down marginally from $470,000 in July but up a little from $425,000 in August of 2013. Price per square foot in August was $342. This is up from $321 in July and up from $295 in August of 2013.

Inventory
Inventory of 276 in August was up 1.1% from 273 in July and up 11.7% from 247 in August of 2013. New listings of 90 in August were down modestly from 108 in July but up marginally from 88 in August of 2013. Months of supply of 3.3 in August was very slightly up from 3.2 in July and up modestly from 3 in August of 2013.

Market Time
Days on market of 45 in August was up somewhat from 36 in July and up considerably from 37 in August of 2013.

Change in Median Sale Price for Single Family Properties YTD From 2013 To 2014 for Towns in Suffolk County Ranked by Best Performance
Town % Change
Revere 11.13%
Boston 8.34%
Data From: MLSPIN
Towns with an average of at least 10 sales per month (maximum of 10 towns)
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Boston, MA - Single Family Properties

July Headlines
Boston
  • Median price is up 15.3% to $470,000.
  • Price per square foot in July was $323. This is up 12.8% from $286 in July of 2013.
  • Unit sales are down by 5.5%.
Other Towns In Suffolk County
  • No significant changes.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.
Changes Favoring Buyers
3 Months Ending July, 2014 % Chg From Jul, 2013
Unit Sales 338 -1.5%
Inventory 292 13.2%
Months of Supply 3.4 7.8%
Market Time (Days) 45 4.7%
New Listings 445 7.7%
Listings Under Contract 338 -2.3%
Changes Favoring Sellers
3 Months Ending July, 2014 % Chg From Jul, 2013
Median Sale Price $475,000 10.5%
Sales to List Price Ratio 99.7% 1.8%
Price per Sq Ft for Sold $331 7.5%
Sales
There were 121 unit sales in July. This is down 5.5% from 128 in July of 2013. On a year-over-year basis, unit sales have been rising for 5 months. This is the highest unit sales have been since 128 in July, 2013. Sales/list price ratio in July moved up to 100.7% from 100.2% in June.

Prices
Median price in July was $470,000. This is up 15.3% from $407,500 in July of 2013. 3-month median price of $475,000 in July was up marginally from $469,350 in June and up a little from $430,000 in July of 2013.

Inventory
Inventory of 277 in July was down 9.2% from 305 in June but up 4.5% from 265 in July of 2013. New listings of 105 in July were down considerably from 163 in June and down modestly from 113 in July of 2013. Months of supply in July was 3.3, unchanged from the same month last year.

Market Time
Days on market of 34 in July was down modestly from 42 in June and down somewhat from 46 in July of 2013.

Change in Median Sale Price for Single Family Properties YTD From 2013 To 2014 for Towns in Suffolk County Ranked by Best Performance
Town % Change
Revere 12.01%
Boston 8.21%
Data From: MLSPIN
Towns with an average of at least 10 sales per month (maximum of 10 towns)
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    Contact Info
    Listings
    photo.aspx?mls=72114230&w=1024&h=768&n=0image_shadow.png
    FOR SALE

    5 Bed

    5.0 Bath

    7,554SqFt

    25 Commonwealth Avenue,
    Boston, MA 02116

    $18,950,000

    Listed ByCompass

    MLS® #72114230 MLS® # 72114230 (Active)
    photo.aspx?mls=72138915&w=1024&h=768&n=0image_shadow.png
    FOR SALE

    8 Bed

    10.0 Bath

    9,100SqFt

    4 Marlborough Street,
    Boston, MA 02116

    $15,750,000

    Listed ByGibson Sotheby's International Realty

    MLS® #72138915 MLS® # 72138915 (Active)
    photo.aspx?mls=72143923&w=1024&h=768&n=0image_shadow.png
    FOR SALE

    6 Bed

    7.5 Bath

    7,500SqFt

    7 Mount Vernon Place,
    Boston, MA 02108

    $8,500,000

    Listed ByGibson Sotheby's International Realty

    MLS® #72143923 MLS® # 72143923 (Active)
    photo.aspx?mls=72109236&w=1024&h=768&n=0image_shadow.png
    FOR SALE

    6 Bed

    4.5 Bath

    5,663SqFt

    11 Chestnut,
    Boston, MA 02108

    $7,350,000

    Listed ByColdwell Banker Residential Brokerage-Boston-Commonwealth Avenue

    MLS® #72109236 MLS® # 72109236 (Active)
    photo.aspx?mls=72147405&w=1024&h=768&n=0image_shadow.png
    FOR SALE

    8 Bed

    9.5 Bath

    8,350SqFt

    175 Beacon,
    Boston, MA 02116

    $6,900,000

    Listed ByCampion & Company Fine Homes Real Estate

    MLS® #72147405 MLS® # 72147405 (Active)

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    Contact Info
    Agent
    The Walsh Team

    "Best Agents in America 2013"

    William Raveis Real Estate

    73 Central St.
    Wellesley  Massachusetts 02482

    508-934-4030 508-341-4904

    Translator
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    The information in this listing was gathered from third party resources including the seller and public records. MLS® Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Content © 2017 MLS® Property Information Network, Inc.

    Last updated on Apr 30, 2017.



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    Last updated on Apr 30, 2017.

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