Real Estate Market Update for Boston, MA
Welcome to October'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 28% from one year earlier, and down 15% 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 530-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 14%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 470-thousand dollars. The number of units sold decreased 6% year-over-year, and decreased 11% 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.
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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
      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 - 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
      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
      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
      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 5
      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 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-8 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
      Fenway High School 3.7 mi Public 9-12 2-5 5
      Boston Arts Academy 3.7 mi Public 9-12 2 5
      Quincy Upper School 3.8 mi Public 6-12 1 4
      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
      Edward W. Brooke Charter School 2 3.9 mi Public K-5 0 0
      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 9-12 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-7 0 5
      Jackson/mann K-8 School 4.9 mi Public K-8 1 4
      Boston Children's School 5.0 mi Private K-K 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
      Conservatory Lab Charter School 5.4 mi Public PRESCHOOL-7 3 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
      Clarence R Edwards Middle School 5.9 mi Public 6-8 1 3
      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
      Meeting House Montessori School 7.0 mi Private PRESCHOOL-5 0 5
      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 5-6 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 © 2014
      Local Weather for Boston, MA
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 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.