Real Estate Market Report - Boston, MA (Dec, 2023)

by John Dean

Current Market Condition

1,209

Active Listings

764

Pending Listings

$954,950

Median List Price

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The median sale/list price for a property gradually increases from $759,900 in December 2022 to its peak of $975,000 in October 2023 before dropping to $862,500 in November 2023. In comparison, the median list price starts lower at $710,000 in December 2022 and also peaks in October 2023 at $836,500 before decreasing to $800,000 in November 2023.

Median Sale/List Price

List Price

Sale Price

The median sale price per square foot has risen steadily from $587.34 in December 2022 to a high of $738.434 in May 2023, before dipping slightly to $610.217 in November 2023, according to the data provided. Overall, the trend shows an upward trajectory, with some minor fluctuations.

Median Sale Price per Square Foot

The median sale price to list price ratio in December 2022 was 0.979, which increased to 1.0 by April 2023 and remained at 1.0 through July 2023. The ratio then decreased slightly to 0.991 by November 2023.

Median Sale Price to List Price Ratio

The data shows the number of properties sold/listed each month from December 2022 to November 2023. The number of properties sold/listed fluctuates each month, with the highest number of properties sold/listed in May 2023 (889). The lowest number of properties sold/listed was in November 2023 (297).

Properties Sold/Listed

Properties Listed

Properties Sold

The median days on market for real estate properties is expected to increase sharply from 77 days in December 2022 to 103 days in January 2023, but then it will decrease again and remain relatively steady at around 60-70 days from May to September 2023 before slightly increasing in November to 63 days.

Median Days on Market