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 April's Market Update. Let’s take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 18% from one year earlier, and down 9% 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 750-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 13%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 550-thousand dollars. The number of units sold increased 4% year-over-year, and increased 31% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. 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: 649,309
  • Median Age: 33.24 yr
  • Median Commute Time: 28 mins
  • Educational Climate*: 4
  • Sales Tax: 6%
  • Population Density: 13,449/sq mi
  • Population Change Since 2000: 10.26%
  • Closest Airport: General Edward Lawrence Logan International
  • Closest College: Wentworth Institute Of Technology
  • Closest Jr. College: Roxbury Community College
  • Median Household Income: $57,170
  • Annual Residential Turnover: 20%
  • Median Home Sales Price: $460,000
  • Closest Major Sports Team: Boston Red Sox
  • Change Avg. Household Income Since 2000: 49.04%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Boston, MA
Median Age: 33.24 Married: 24% Number of Households: 266,958 Households with Children: 55,435
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
      Joseph Lee K-8 School 0.1 mi Public K-8 1 0
      Tech Boston Academy 0.5 mi Public 6-12 1 2
      Edward W Brooke Charter Mattapan 0.5 mi Public K-8 4 0
      Codman Academy Charter Public School 0.6 mi Public 9-12 0 5
      Up Academy Charter School Of Dorchester 0.7 mi Public K-7 1 0
      Boston International high School 0.9 mi Public 9-12 1 0
      Jeremiah E Burke High School 0.9 mi Public 9-12 1 2
      Henderson Inclusion Elementary School 1.0 mi Public PRESCHOOL-4 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
      Smith Leadership Academy Charter Public School 1.4 mi Public 6-8 1 0
      Conservatory Lab Charter School 1.4 mi Public PRESCHOOL-7 2 0
      Neighborhood House Charter School 1.5 mi Public K-8 3 0
      Elizabeth Seton Academy 1.5 mi Catholic 9-12 0 0
      Dorchester Collegiate Academy Charter 1.5 mi Public 4-8 1 0
      Boston Latin Academy 1.6 mi Public 7-12 4 3
      Rafael Hernandez K-8 School 1.6 mi Public PRESCHOOL-8 2 0
      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 PRESCHOOL-8 0 0
      Margarita Muniz Academy 1.9 mi Public 9-9 0 0
      Mission Hill School 1.9 mi Public K-8 1 0
      North Cambridge Catholic High School 1.9 mi Catholic 9-12 0 0
      John D Philbrick Elementary School 1.9 mi Public K-5 2 0
      City On A Hill Charter Public School 2.1 mi Public 9-12 3 3
      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 5 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 1 5
      Boston College High School 2.3 mi Catholic 7-12 0 3
      Orchard Gardens K-8 School 2.6 mi Public PRESCHOOL-8 1 0
      Joseph P Manning Elementary School 2.6 mi Public K-5 3 0
      O'bryant School Of math/science 2.6 mi Public 7-12 4 4
      Roxbury Preparatory Charter School 2.6 mi Public 5-8 2 0
      Madison Park High 2.6 mi Public 9-12 0 3
      George H Conley Elementary 2.7 mi Public PRESCHOOL-5 2 0
      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 1 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 K-8 School 3.1 mi Public PRESCHOOL-8 2 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 3
      Excel High School 3.3 mi Public 9-12 1 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 2 3
      William Mckinley 3.5 mi Public 1-12 0 0
      Boston Arts Academy 3.7 mi Public 9-12 2 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 2 3
      Quincy Upper School 3.8 mi Public 6-12 2 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
      Roxbury Latin 4.0 mi Private 7-12 0 4
      The Newman School 4.0 mi Private 9-12 0 0
      Commonwealth School 4.0 mi Private 9-12 0 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 0
      Joyce Kilmer K-8 School 4.4 mi Public PRESCHOOL-8 3 0
      Match Charter Public School 4.5 mi Public 9-12 4 0
      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 5
      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 2 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
      Warren/prescott K-8 School 5.9 mi Public K-8 2 0
      Archbishop Williams High School 6.0 mi Catholic 7-12 0 3
      Charlestown High School 6.1 mi Public 9-12 0 3
      Mary E Flaherty School 6.1 mi Public K-5 4 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 5 0
      East Middle School 6.9 mi Public 6-8 5 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 7.5 mi Public 5-8 5 0
      Archie T Morrison Elementary School 7.7 mi Public K-5 4 0
      Bradley Elementary School 7.8 mi Public PRESCHOOL-5 3 0
      Liberty Elementary School 8.7 mi Public 1-5 4 0
      South Middle School 8.8 mi Public 6-8 5 0
      Highlands 9.0 mi Public 1-5 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 © 2015. 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 ©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.