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 Reveres House, the site of the Boston Massacre and the USS Constitution! Theres a home for every taste - from the trendy residences and boutiques along Commonwealth Avenue to the citys oldest community, the North End, with its many fine restaurants and bakeries. Or find a home in one of Bostons many attractive surburbs including: Cambridge, Acton, Quincy, Somerville, or Waltham. Come support the NBAs Celtics and the NHLs 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 December's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of December. The number of active listings was down 32% from one year earlier, and down 40% 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 over 540-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 10%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 490-thousand dollars. The number of units sold decreased 15% year-over-year, and increased 19% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. 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 Reveres House, the site of the Boston Massacre and the USS Constitution! Theres a home for every taste - from the trendy residences and boutiques along Commonwealth Avenue to the citys oldest community, the North End, with its many fine restaurants and bakeries. Or find a home in one of Bostons many attractive surburbs including: Cambridge, Acton, Quincy, Somerville, or Waltham. Come support the NBAs Celtics and the NHLs 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: 632,091
  • Median Age: 31.29 yr
  • Median Commute Time: 27.07 mins
  • Educational Climate*: 4
  • Sales Tax: 6.25%
  • Population Density: 13,093/sq mi
  • Population Change Since 2000: 7.34%
  • Closest Airport: General Edward Lawrence Logan International
  • Closest College: University Of Massachusetts-boston
  • Closest Jr. College: Urban College Of Boston
  • Median Household Income: $51,776
  • Annual Residential Turnover: 17.59%
  • Median Years in Residence: 3.17 yr
  • Median Home Sales Price: $379,000
  • Closest Major Sports Team: Boston Bruins
  • Change Avg. Household Income Since 2000: 30%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Boston, MA
Median Age: 31.29 Married: 18% Number of Households: 261,525 Households with Children: 59,375
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 GreatSchools Rating Parent Rating
      Lee Academy 0.1 mi Public K-1 0 5
      Edward W. Brooke Charter School 2 0.5 mi Public K-5 0 0
      Epiphany School 0.9 mi Private 5-8 0 4
      Mother Caroline Academy & Education Center 0.9 mi Catholic 4-8 0 5
      Henderson Inclusion Elementary School 1.0 mi Public PRESCHOOL-5 4 5
      Young Achievers Science And Math School 1.0 mi Public K-8 1 4
      Lilla G. Frederick Middle School 1.1 mi Public 6-8 1 4
      Harbor School 1.2 mi Public 6-10 0 4
      Match Community Day Charter Public School 1.3 mi Public 2-2 4 0
      Smith Leadership Academy Charter Public School 1.4 mi Public 6-8 2 4
      Mather Elementary School 1.4 mi Public PRESCHOOL-5 1 4
      Conservatory Lab Charter School 1.4 mi Public PRESCHOOL-7 3 4
      Neighborhood House Charter School 1.5 mi Public K-8 3-5 4
      Haynes Early Education Center 1.5 mi Public PRESCHOOL-1 0 5
      Elizabeth Seton Academy 1.5 mi Catholic 9-12 0 0
      Boston Latin Academy 1.6 mi Public 7-12 4-5 3
      Dr. Catherine Ellison-rosa Parks Early Ed School 1.6 mi Public PRESCHOOL-3 1 5
      Mattahunt Elementary School 1.7 mi Public PRESCHOOL-5 0 4
      Meridian Academy 1.7 mi Private 6-12 0 4
      Mission Hill School 1.9 mi Public PRESCHOOL-8 1 4
      St. Patrick School 2.1 mi Catholic PRESCHOOL-8 0 4
      Nativity Preparatory School 2.2 mi Catholic 4-8 0 0
      Chittick Elementary School 2.2 mi Public PRESCHOOL-5 0 5
      Boston Collegiate Charter School 2.2 mi Public 5-12 4 3
      Edward Brooke Charter School 2.2 mi Public K-8 5 3
      John F Kennedy Elementary School 2.3 mi Public K-5 1 4
      Boston College High School 2.3 mi Catholic 7-12 0 4
      Washington Irving Middle School 2.3 mi Public 6-8 1 4
      Sacred Heart School 2.3 mi Catholic PRESCHOOL-8 0 4
      Notre Dame Montessori School 2.5 mi Catholic PRESCHOOL-K 0 5
      Elc - West Zone 2.5 mi Public PRESCHOOL-1 0 4
      James P Timilty Middle School 2.5 mi Public 6-8 1 4
      O'bryant School Math/science 2.6 mi Public 7-12 3-5 4
      Roxbury Preparatory Charter School 2.6 mi Public 5-8 3 5
      St. Mary School 2.6 mi Catholic PRESCHOOL-8 0 5
      Madison Park High 2.6 mi Public 9-12 0 2
      British International School Of Boston 2.7 mi Private PRESCHOOL-12 0 4
      New Mission High School 2.8 mi Public 9-12 2-5 3
      Boston Community Leadership Academy 2.8 mi Public 9-12 1 4
      Our Lady Of Perpetual Help/mission Grammar School 2.9 mi Catholic PRESCHOOL-8 0 4
      Manville School 2.9 mi Private 1-10 0 4
      Farragut 3.0 mi Public 9-9 0 5
      Perkins Elementary School 3.0 mi Public K-5 1 4
      Mozart 3.2 mi Public PRESCHOOL-5 1 4
      Boston Latin School 3.2 mi Public 7-12 5 4
      Cathedral Grammar School 3.3 mi Catholic PRESCHOOL-6 0 4
      Excel High School 3.3 mi Public 9-12 1 5
      Cathedral High School 3.3 mi Catholic 7-12 0 4
      St Peter Academy 3.4 mi Catholic PRESCHOOL-8 0 5
      Holy Name Parish School 3.4 mi Catholic PRESCHOOL-6 0 5
      Boston Trinity Academy 3.4 mi Private 6-12 0 4
      Boston Preparatory Charter Public School 3.5 mi Public 6-12 3-5 4
      Boston Arts Academy 3.7 mi Public 9-12 2 5
      Fenway High School 3.7 mi Public 9-12 2-5 5
      Josiah Quincy Elementary School 3.8 mi Public K-5 3 4
      Kids Are People Elementary School 3.8 mi Private PRESCHOOL-K 0 3
      Kingsley Montessori School 3.9 mi Private PRESCHOOL-6 0 4
      Snowden Int'l High School 3.9 mi Public 9-12 1 3
      Gate Of Heaven Elementary School 3.9 mi Catholic PRESCHOOL-8 0 5
      South Boston Catholic Academy 3.9 mi Catholic PRESCHOOL-8 0 5
      The Newman School 4.0 mi Private 9-12 0 4
      Commonwealth School 4.0 mi Private 9-12 0 4
      St Theresa School 4.0 mi Catholic PRESCHOOL-6 0 4
      William H Ohrenberger 4.0 mi Public 3-8 1 4
      Boston University Academy 4.1 mi Private 9-12 0 4
      Beethoven Elementary School 4.3 mi Public K-2 0 4
      Academy Of The Pacific Rim Charter Public School 4.3 mi Public 5-12 3-5 4
      Match Charter Public School 4.5 mi Public 6-12 4 3
      Advent School 4.5 mi Private PRESCHOOL-6 0 4
      Baldwin Early Learning Center 4.5 mi Public PRESCHOOL-1 0 5
      Catholic Memorial School 4.5 mi Catholic 7-12 0 4
      Parkside Christian Academy 4.7 mi Private PRESCHOOL-6 0 4
      West Roxbury Academy 4.8 mi Public 9-12 0 3
      St Herman Of Alaska Christian School 4.9 mi Private K-8 0 5
      Jackson/mann K-8 School 4.9 mi Public K-8 1 4
      Boston Children's School 5.0 mi Private PRESCHOOL-1 0 5
      Brighton High School 5.0 mi Public 9-12 0 3
      St John School 5.1 mi Catholic PRESCHOOL-8 0 4
      Another Course To College 5.1 mi Public 9-12 1 4
      Eliot Elementary School 5.2 mi Public K-8 4 5
      Winship Elementary School 5.2 mi Public PRESCHOOL-5 1 4
      Shaloh House Jewish Day School 5.2 mi Private PRESCHOOL-6 0 3
      Mesivta High School Of Greater Boston 5.3 mi Private 9-12 0 4
      St Columbkille Partnership School 5.4 mi Catholic PRESCHOOL-8 0 4
      Mary Lyon K-8 School 5.7 mi Public K-6 3 4
      East Boston Central Catholic School 5.8 mi Catholic PRESCHOOL-8 0 4
      Warren-prescott K-8 School 5.9 mi Public K-8 3 5
      Meeting House Montessori School 6.0 mi Private PRESCHOOL-5 0 5
      Archbishop Williams High School 6.0 mi Catholic 9-12 0 4
      Mary E Flaherty School 6.1 mi Public K-5 4-5 5
      Donald Ross Elementary School 6.7 mi Public K-5 4 5
      Hollis Elementary School 6.7 mi Public K-5 4-5 5
      East Middle School 6.9 mi Public 6-8 4-5 3
      Braintree High School 7.0 mi Public 9-12 4-5 3
      Thayer Academy 7.2 mi Private 6-12 0 4
      St Francis Of Assisi School 7.4 mi Catholic PRESCHOOL-8 0 4
      Excel Academy Charter School 7.5 mi Public 5-8 4-5 5
      Bradley Elementary School 7.8 mi Public PRESCHOOL-5 2-5 4
      South Middle School 8.7 mi Public 6-8 4-5 5
      Highlands 9.0 mi Public K-5 4-5 5
      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: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for Boston, MA
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 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.