Key takeaways for the month
The Boston area is experiencing increased competition in single family homes and continued activity in the suburbs.
- Prices are up for single family homes in the city. The median sale price for Boston single family homes jumped 51.0% month over month. List prices also increased 7.6% and the number of listings increased 30.3%, indicating that sellers are confident in the current market.
- Single family homes in the suburbs see high competition. Days on market held steady month over month at 15, a swift pace for the area, and -21.1% lower than the pre-pandemic April 2019 number of 19 days. Compared to pre-pandemic activity, April saw a similar number of homes listed compared to 507 in April 2019, but 13.8% more going pending compared to 382 in April 2019.
- Accordingly, suburban single family homes see rising prices. With sale-to-list price ratio at a multi-year high, and up 2.0% month over month and 4.5% year over year, buyers are competing for single family homes in the suburbs. Likewise, median list price increased 7.5% month over month, and 20.5% year over year and over two years (2020 and 2019 matched at $829,000).
Sale Price Compared to List Price
Days on Market
Number of Properties Listed
Number of Properties Pending Sale
Metropolitan Boston data is for the city of Boston excluding 02119,02121,02124,02130,02126,02131,02136,02132; Cambridge; and Somerville.
Boston Suburbs data is for Malden, Medford, Quincy, Weymouth, Watertown, Brookline, Newton, Lexington, Winchester, Belmont, and Arlington.