August Market Update: Boston

green and white tram on road during daytime

Key takeaways for the month

Overall, August’s data shows that the Boston area continues to stay steady with slightly increased competition in the face of COVID. 

  • Condo sales are especially unaffected by the pandemic, indicated by prices remaining close to last year in the same timeframe 
  • List prices for houses and townhouses in the metropolitan area fell, but they fell according to the usual annual curve, not as a result of the pandemic
  • Competition is indicated in slight year-over-year sale price increases and lower than usual days on market

Competition snapshot

Our Research Team looked into sales in the hottest zip codes on the Eastside for a snapshot of competitiveness in the local market.

The researched homes are a sample of the resale market for single-family houses and townhomes, excluding new construction, listed for $450,000 – $900,000 in select zip codes in Boston, Cambridge, and Somerville.

Sale Price

Based on date the property sold.

List Price

Based on date the property was listed.

Sale Price Compared to List Price

Based on date the property sold.

Days on Market

Based on the number of days between the list date and the date the property went pending, except when sold date is earlier than pending (then based on date sold).

Number of Properties Listed

Based on date the property was listed.

Number of Properties Pending Sale

Based on the date the property went pending, except when sold date is earlier than pending (then based on date sold).

Number of Properties Sold

Based on date the property sold.


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.


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