Real Estate Market Update for Boston, MA

Video: Real Estate Community Tour for Boston, MA

See Real estate community tour for Boston, MA Renowned for its cultural facilities and world-class educational institutions, the city of Boston is at the very forefront of American history. The largest city in New England, Boston is home to several of the most prestigious universities in the country, like Harvard, Boston University and Northeastern just to name a few. If you are a history buff, walk the Freedom Trail to 16 historical sites, including Paul Revere's House, the site of the Boston Massacre and the USS Constitution! There's a home for every taste - from the trendy residences and boutiques along Commonwealth Avenue to the city's oldest community, the North End, with its many fine restaurants and bakeries. Or find a home in one of Boston's many attractive surburbs including: Cambridge, Acton, Quincy, Somerville, or Waltham. Come support the NBA's Celtics and the NHL's Bruins at TD Garden, or take the T to Fenway Park to watch the Red Sox play! Tour the many attractive homes available throughout greater Boston on century21.com
Welcome to November's Market Update. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was down 29% from one year earlier, and down 18% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 720-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 11%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 560-thousand dollars. The number of units sold decreased 2% year-over-year, and decreased 27% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Renowned for its cultural facilities and world-class educational institutions, the city of Boston is at the very forefront of American history. The largest city in New England, Boston is home to several of the most prestigious universities in the country, like Harvard, Boston University and Northeastern just to name a few. If you are a history buff, walk the Freedom Trail to 16 historical sites, including Paul Revere's House, the site of the Boston Massacre and the USS Constitution! There's a home for every taste - from the trendy residences and boutiques along Commonwealth Avenue to the city's oldest community, the North End, with its many fine restaurants and bakeries. Or find a home in one of Boston's many attractive surburbs including: Cambridge, Acton, Quincy, Somerville, or Waltham. Come support the NBA's Celtics and the NHL's Bruins at TD Garden, or take the T to Fenway Park to watch the Red Sox play! Tour the many attractive homes available throughout greater Boston on century21.com
Show Transcript
Map Information for Boston, MA
Area Information for Boston, MA
  • Population: 657,828
  • Median Age: 33.25 yr
  • Median Commute Time: 28 mins
  • Educational Climate*: 4
  • Sales Tax: 6%
  • Population Density: 13,626/sq mi
  • Population Change Since 2000: 11.7%
  • Closest Airport: General Edward Lawrence Logan International
  • Closest College: Wentworth Institute Of Technology
  • Closest Jr. College: Roxbury Community College
  • Median Household Income: $58,673
  • Annual Residential Turnover: 20%
  • Median Home Sales Price: $510,100
  • Closest Major Sports Team: Boston Red Sox
  • Change Avg. Household Income Since 2000: 52.6%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Boston, MA
Median Age: 33.25 Married: 24% Number of Households: 270,919 Households with Children: 57,015
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Boston, MA

      School Name Distance Type Grades School Rating Parent Rating
      Tech Boston Academy 0.5 mi Public 6-12 0 3
      Edward W Brooke Charter Mattapan 0.5 mi Public K-8 4 0
      Codman Academy Charter Public School 0.6 mi Public 9-12 1 5
      Parkside Christian Academy 0.7 mi Private PRESCHOOL-6 0 0
      Boston International high School 0.9 mi Public 9-12 1 0
      Jeremiah E Burke High School 0.9 mi Public 9-12 0 2
      Henderson Inclusion Elementary School 1.0 mi Public PRESCHOOL-3 2 3
      Young Achievers Science & Math K-8 School 1.0 mi Public K-8 1 0
      Dorchester Academy 1.1 mi Public 9-12 0 3
      Community Academy Of Science And Health 1.1 mi Public 9-12 0 3
      Match Charter Public Next 1.3 mi Public 2-3 4 0
      Neighborhood House Charter School 1.5 mi Public K-8 3 0
      Elizabeth Seton Academy 1.5 mi Catholic 9-12 0 0
      Boston Latin Academy 1.6 mi Public 7-12 5 3
      Egleston Community High School 1.6 mi Public 10-12 0 3
      The English High School 1.6 mi Public 9-12 0 2
      Richard J Murphy K-8 School 1.7 mi Public PRESCHOOL-8 2 5
      Meridian Academy 1.7 mi Private 6-12 0 0
      Boston Teachers Union School 1.7 mi Public K-8 2 0
      Higginson/lewis K-8 School 1.9 mi Public 1-8 0 0
      Mission Hill School 1.9 mi Public K-8 0 0
      Margarita Muniz Academy 1.9 mi Public 9-9 0 3
      North Cambridge Catholic High School 1.9 mi Catholic 9-12 0 0
      City On A Hill Charter Public School 2.1 mi Public 9-12 2 4
      William E Russell Elementary School 2.1 mi Public PRESCHOOL-5 2 0
      Community Academy 2.2 mi Public 9-12 0 0
      Nathan Hale Elementary School 2.2 mi Public PRESCHOOL-5 2 0
      Boston Collegiate Charter School 2.2 mi Public 5-12 4 4
      Edward Brooke Charter School 2.2 mi Public K-8 5 0
      John F Kennedy Elementary School 2.3 mi Public K-5 2 0
      Curley K-8 School 2.3 mi Public K-8 1 0
      Boston Day And Evening Academy Charter School 2.3 mi Public UNGRADE-UNGRADE 0 5
      Boston College High School 2.3 mi Catholic 7-12 0 3
      John D O'bryant School Of Mathematics & Science 2.6 mi Public 7-12 4 3
      Roxbury Preparatory Charter School 2.6 mi Public 5-8 3 0
      Madison Park High 2.6 mi Public 9-12 0 3
      British International School Of Boston 2.7 mi Private PRESCHOOL-12 0 0
      Fenway High School 2.7 mi Public 9-12 1 4
      New Mission High School 2.8 mi Public 9-12 2 0
      Boston Community Leadership Academy 2.8 mi Public 9-12 1 3
      Phineas Bates Elementary School 3.0 mi Public K-5 2 0
      Joseph J Hurley School 3.1 mi Public PRESCHOOL-8 3 0
      Up Academy Charter School Of Boston 3.2 mi Public 6-8 2 0
      Health Careers Academy Charter School 3.2 mi Public 9-12 1 3
      Boston Latin School 3.2 mi Public 7-12 5 4
      William Blackstone Elementary School 3.3 mi Public PRESCHOOL-5 0 3
      Excel High School 3.3 mi Public 9-12 0 3
      Cathedral High School 3.3 mi Catholic 7-12 0 5
      Boston Trinity Academy 3.4 mi Private 6-12 0 4
      The Winsor 3.4 mi Private 5-12 0 0
      Boston Preparatory Charter Public School 3.5 mi Public 6-12 3 3
      William Mckinley 3.5 mi Public 1-12 0 0
      Boston Arts Academy 3.7 mi Public 9-12 1 4
      Oliver Hazard Perry K-8 School 3.7 mi Public K-8 2 0
      Boston Renaissance Charter public School 3.8 mi Public K-6 1 3
      Quincy Upper School 3.8 mi Public 6-12 1 3
      Josiah Quincy Elementary School 3.8 mi Public K-5 3 2
      Boston Adult Academy 3.9 mi Public 11-12 0 3
      Snowden Int'l High School 3.9 mi Public 9-12 1 3
      Patrick Lyndon K-8 School 4.0 mi Public PRESCHOOL-8 2 0
      Roxbury Latin 4.0 mi Private 7-12 0 4
      The Newman School 4.0 mi Private 9-12 0 3
      Commonwealth School 4.0 mi Private 9-12 0 0
      William H Ohrenberger School 4.0 mi Public 3-8 2 0
      Franklin D Roosevelt K-8 School 4.1 mi Public PRESCHOOL-8 2 0
      Boston University Academy 4.1 mi Private 9-12 0 3
      Academy Of The Pacific Rim Charter Public School 4.3 mi Public 5-12 2 2
      Joyce Kilmer K-8 School 4.4 mi Public PRESCHOOL-8 3 0
      Match Charter Public School 4.5 mi Public 9-12 4 5
      Catholic Memorial School 4.5 mi Catholic 7-12 0 0
      West Roxbury Academy 4.7 mi Public 9-12 0 3
      Urban Science Academy 4.7 mi Public 9-12 0 2
      Boston Green Academy Horace Mann Charter School 5.0 mi Public 7-12 0 4
      Another Course To College 5.0 mi Public 9-12 1 3
      Brighton High School 5.1 mi Public 9-12 0 3
      Eliot Elementary School 5.2 mi Public K-8 3 0
      Mary Lyon K-8 School 5.6 mi Public K-6 3 0
      Lyon Upper 9-12 School 5.7 mi Public 9-12 1 0
      Donald Mckay K-8 School 5.7 mi Public K-8 2 0
      East Boston Central Catholic School 5.8 mi Catholic PRESCHOOL-8 0 0
      Harvard/kent Elementary 5.9 mi Public PRESCHOOL-5 2 0
      Warren/prescott K-8 School 5.9 mi Public K-8 3 0
      Archbishop Williams High School 6.0 mi Catholic 7-12 0 4
      Charlestown High School 6.1 mi Public 9-12 0 4
      Mary E Flaherty School 6.1 mi Public K-5 5 0
      Patrick J Kennedy Elementary School 6.4 mi Public K-5 2 0
      East Boston High School 6.5 mi Public 9-12 0 3
      Donald Ross Elementary School 6.6 mi Public K-5 4 0
      Hollis Elementary School 6.7 mi Public K-5 4 0
      East Middle School 6.9 mi Public 6-8 5 0
      Excel Academy Charter School 6.9 mi Public 5-8 4 0
      Brooke Charter School East Boston 7.0 mi Public K-5 5 0
      Braintree High School 7.0 mi Public 9-12 3 0
      Thayer Academy 7.2 mi Private 6-12 0 3
      Excel Academy Charter School - Boston Ii 7.5 mi Public 5-5 0 0
      Archie T Morrison Elementary School 7.7 mi Public K-5 4 0
      Bradley Elementary School 7.8 mi Public PRESCHOOL-5 4 0
      Liberty Elementary School 8.7 mi Public 1-5 4 0
      South Middle School 8.8 mi Public 6-8 5 3
      Highlands 9.0 mi Public K-5 4 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Boston, MA
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.