December 2021 highlights
Boston showed signs of a slight increase in the market’s overall price and competition heading into the new year. The number of homes listed dropped by over 50% while the number of homes sold stayed relatively even, causing a decrease to the inventory and an increase in the median sale price.
- Sale prices dipped below the median list price Buyers were purchasing homes in Boston for an average of 98% of the area’s list price. This followed a 1.5% dip in the list price from November.
- The amount of time a home was on the market spiked. Because of the dip in median sales price, sellers were holding out an average of 58 days in December before selling their home.
- Prices for Boston condos held steady from November The median selling price for a Boston condo was $750,000 in both November and December. Sellers tried to adapt by raising their median list prices, but that led to a wider gap between the sale and list price.
See previous months’ highlights
Competition report
Our research team analyzed the competition in select local areas.
Sale price
List price
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.
