Each month we publish a Monthly Market report, which shows home listing prices and sale prices for the previous month. (You can use the Monthly Market tool free on our site to see how each zip code’s sales have changed month to month.)
Greater Boston Home Sales in January 2020
Lowest listing price (by total amount in $): Lynn (01905)
Lowest sales price (by total amount in $): Lynn (01905)
Most homes sold in January 2020: Quincy (02169), where the most homes were also sold in December 2019; followed by a tie between Jamaica Plain (02130) and Salem (01970)
Highest number of days on market: Boston (02111) at 183 days
Lowest number of days on market: Boston (02210) at 9 days
Lowest price per sq ft: Hull (02045)
Highest price per sq ft: Boston’s Seaport (02210) is still at the top of the list, rising to $1,607 per sq. ft. from last month’s $1,579 per sq. ft.
CURRENT REAL ESTATE MARKET IN BOSTON
Let’s talk about the Boston-area market. If you looked at houses in January 2020 in the West Newton, Wellesley, Waltham, Watertown area, or in Cambridge/Arlington, you saw that houses went FAST – 13-20 days on the market – and over asking price – by about 1%.
The zip codes with longer time on the market had a median list price of over $1.5m, like areas of Boston, Weston, and Brookline. Deals are hard to find in this market, but they’re out there – specifically in Chelsea, Allston, Woburn, and Hull – and you have to act fast.
It’s essential to be pre-approved, maybe even pre-committed, and ready to put in an offer on the house or condo you love. For more info on the current market, see https://www.torii.properties/monthly-market. If you’re ready to buy and need to talk to a lender, we’re happy to introduce you to one of our lending partners who we know and trust. Just email us email@example.com