Boston Real Estate Market Update: February 2025
The Boston housing market saw a notable level of activity in February 2025, with 265 homes sold, reflecting both consistency and resilience in the city’s real estate sector. This figure includes 194 condos, 34 single-family homes, and 37 multi-family properties. When compared to February 2024, where 239 homes were sold, it marks a modest increase in sales volume, highlighting continued demand in the area.
Market Overview:
Total Homes Sold: 265
Breakdown:
Condos: 194
Single Family Homes: 34
Multi-family Homes: 37
Median List Price: $898,000
Median Sale Price: $876,000
Average Days on Market: 76
Lowest Sale Price: $529,000
Highest Sale Price: $4,495,000
Sale to List Price Ratio: 98%
Total Sales Volume: $347,312,000
Analyzing the Numbers
The median sale price of $876,000 for February 2025 indicates a slight decrease from the list price of $898,000. Homes in Boston are still selling close to their asking price, with the sale-to-list price ratio remaining at an impressive 98%. This suggests that sellers are achieving near-full price for their properties, even in a competitive market.
Property Type Breakdown
Condos continue to dominate Boston’s real estate landscape, making up the majority of sales with 194 units sold. The single-family homes and multi-family properties segments also show healthy activity, indicating sustained demand across all property types.
Despite fluctuations in individual sale prices, Boston continues to see luxury home sales at the top end of the market, with the highest sale price reaching an impressive $4,495,000, while the lowest sale price settled at $529,000, offering options for a variety of budgets.
Days on Market
Homes in Boston are taking an average of 76 days to sell, signaling a somewhat slower pace compared to previous months. This might suggest a slightly more cautious market, with buyers taking more time to evaluate properties before committing. However, with 98% of homes selling at or near their list price, it also indicates that when properties are priced correctly, they continue to attract strong buyer interest.
Conclusion
Boston’s real estate market remains dynamic, with significant sales volume and a stable price point. The strong sale-to-list price ratio, coupled with consistent demand across various property types, suggests a healthy market for both buyers and sellers. As we move further into 2025, it will be interesting to see how these trends evolve and whether Boston continues to experience steady growth in the housing sector.
Whether you are looking to buy or sell in Boston, understanding these market trends can help inform your strategy and ensure you make the best possible decisions.