MA · Metro #10

Boston - MA housing market

The Boston metro has a typical home value of $736,881, up 1.5% from a year ago. Homes are moving fast at 9 days on market - a strong seller's market. Data from Zillow Research, updated monthly.

Typical home value
$736,881
+1.5% vs. year ago
Median sale price
$690,781
+1.7% YoY
Median list price
$780,633
Sale-to-list ratio
99.8%
Selling below ask
Days on market
9d
Listings w/ price cut
13.8%
New listings / mo
4,545
+2.5% YoY
Homes for sale
8,750
+7.0% YoY
Typical rent
$3,184/mo
+1.9% YoY
Context

How to read this data

The typical home value ($736,881) is the Zillow Home Value Index for the Boston - MA metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 1.5% over the past year. In Boston - MA, that means a home worth $725,991 last year is now worth roughly $736,881.

The median sale price , what homes actually close for , is $690,781. Homes are selling at 99.8% of list price, meaning buyers have room to negotiate.

Homes listed in Boston - MA sit on the market for roughly 9 days before going pending. Shorter = seller's market; longer = buyer's market.

About 13.8% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 4,545 new listings hit the market each month in Boston - MA. There are currently 8,750 homes for sale, up 7.0% from a year ago.

The typical monthly rent in Boston - MA is $3,184, up 1.9% year over year. For investors, the price-to-rent ratio here is roughly 19x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

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Related

Other metros in MA

MetroHome value1-yr changeDays on market
Worcester - MA$478,242 +1.6% 10.0d
Springfield - MA$369,950 +2.4% 10.0d
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