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Real Estate Market Update for Boston, MA
Welcome to January's Market Update. Lets take a look at residential real-estate activity in your area during the month of December. The number of active listings was down 21% from one year earlier, and down 42% 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 900-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 5%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 640-thousand dollars. The number of units sold decreased 21% year-over-year, and decreased 24% 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.
Show Transcript
Map Information for Boston, MA
Area Information for Boston, MA
  • Population: 666,658
  • Median Age: 33.73 yr
  • Median Commute Time: 28 mins
  • Educational Climate*: 4
  • Sales Tax: 6%
  • Population Density: 13,809/sq mi
  • Population Change Since 2000: 13.2%
  • Closest Airport: General Edward Lawrence Logan International
  • Closest College: Wentworth Institute Of Technology
  • Closest Jr. College: Roxbury Community College
  • Median Household Income: $60,953
  • Annual Residential Turnover: 19%
  • Median Home Sales Price: $515,000
  • Closest Major Sports Team: Boston Red Sox
  • Change Avg. Household Income Since 2000: 59.84%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Boston, MA
Median Age: 33.73 Married: 24% Number of Households: 275,176 Households with Children: 57,369
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 1 3
      Bridge Boston Charter School 0.5 mi Public PRESCHOOL-4 1 0
      Codman Academy Charter Public School 0.6 mi Public 9-12 0 5
      Parkside Christian Academy 0.7 mi Private PRESCHOOL-6 0 0
      Boston International high School 0.9 mi Public 9-12 0 0
      Jeremiah E Burke High School 0.9 mi Public 9-12 1 2
      Henderson Inclusion Elementary School 1.0 mi Public K-1 2 3
      Young Achievers Science & Math K-8 School 1.0 mi Public K-8 1 0
      Harbor School 1.1 mi Public 2-12 1 0
      Community Academy Of Science And Health 1.1 mi Public 9-12 0 3
      Dorchester Academy 1.1 mi Public 9-12 0 3
      Kipp Academy Boston Elementary Charter School 1.3 mi Public 5-5 1 0
      Smith Leadership Academy Charter Public School 1.4 mi Public 6-8 1 0
      Conservatory Lab Charter School 1.4 mi Public PRESCHOOL-8 1 0
      Neighborhood House Charter School 1.5 mi Public K-9 2 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 K-8 3 5
      Meridian Academy 1.7 mi Private 6-12 0 0
      Boston Teachers Union School 1.7 mi Public K-8 2 0
      Edward Everett Elementary 1.8 mi Public PRESCHOOL-5 2 0
      Higginson/lewis K-8 School 1.9 mi Public 3-8 0 0
      Margarita Muniz Academy 1.9 mi Public 9-9 0 3
      Mission Hill School 1.9 mi Public PRESCHOOL-8 0 0
      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
      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 4 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
      Charles Sumner Elementary School 2.3 mi Public PRESCHOOL-5 1 0
      Joseph P Manning Elementary School 2.6 mi Public K-5 2 0
      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 2 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
      Another Course To College 2.7 mi Public 9-12 1 3
      Fenway High School 2.7 mi Public 9-12 1 4
      Boston Community Leadership Academy 2.8 mi Public 9-12 0 3
      New Mission High School 2.8 mi Public 9-12 2 0
      Phineas Bates Elementary School 3.0 mi Public K-5 2 0
      Joseph J Hurley School 3.1 mi Public PRESCHOOL-8 3 0
      The Mozart Elementary School 3.1 mi Public PRESCHOOL-5 2 0
      Up Academy Charter School Of Boston 3.2 mi Public 6-8 1 0
      Edward M. Kennedy Academy For Health Careers 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 0
      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 K-8 2 0
      Roxbury Latin 4.0 mi Private 7-12 0 4
      The Newman School 4.0 mi Private 9-12 0 3
      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 2 0
      Match Charter Public School 4.5 mi Public 9-12 2 5
      Catholic Memorial School 4.5 mi Catholic 7-12 0 0
      Urban Science Academy 4.7 mi Public 9-12 1 2
      West Roxbury Academy 4.7 mi Public 9-12 0 3
      Jackson/mann K-8 School 4.9 mi Public K-8 1 0
      Boston Green Academy Horace Mann Charter School 5.0 mi Public 7-12 0 4
      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 1 0
      East Boston Central Catholic School 5.8 mi Catholic PRESCHOOL-8 0 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 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 4 0
      East Middle School 6.9 mi Public 6-8 4 0
      Excel Academy Charter School 6.9 mi Public 5-8 4 0
      Braintree High School 7.0 mi Public 9-12 3 0
      Thayer Academy 7.2 mi Private 6-12 0 3
      Archie T Morrison Elementary School 7.7 mi Public K-5 3 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 4 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.