Housing market report for August 2022: Boston

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Median home prices in Boston were down 22% over the previous month in August. The average home sold for $1,100,000. Homes were on the market for an average of 41 days, up from 30 the previous month, increasing for the third month in a row. In August, there were 44 homes listed and 59 pending sale.

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Home prices


Boston:

$1,299,945

$1,100,000

84%


Boston suburbs:

$825,000

$1,050,000

127%


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Inventory


Boston:

44

59


Boston suburbs:

247

341



Boston days on market: 41


Boston suburbs days on market: 23


Our research team analyzed the competition in select local areas.

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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