Boston Real Estate Market Update May 2025
The Boston real estate market continued to demonstrate resilience and stability in May 2025, with 493 residential properties sold across the city. While this marks a slight decrease in overall sales volume compared to May 2024, core indicators such as pricing and average market time remained consistent, signaling steady buyer demand amid evolving economic conditions.
May 2025 Market Snapshot
Total Homes Sold: 493
Condos: 370
Single Family Homes: 71
Multi-family Homes: 52
Median Sale Price: $827,000
Average Days on Market: 36
Sale to List Price Ratio: 99%
Lowest Sale Price: $459,000
Highest Sale Price: $10,200,000
Total List Volume: $556,402,000
Total Sales Volume: $551,607,000
Market Trends & Observations
The median sale price rose slightly to $827,000, a modest 0.5% increase from the $823,000 recorded in May 2024. This minor uptick suggests price stability despite fewer transactions overall. The sale-to-list price ratio held steady at 99%, reflecting ongoing competitiveness in many Boston neighborhoods. Homes spent an average of 36 days on the market, mirroring last year s average and further underscoring market consistency.
Year-Over-Year Comparison: May 2024 vs. May 2025
While sales volume and transaction count dipped slightly across most categories especially single-family homes the market remains competitive. The multi-family segment held steady year over year, suggesting ongoing investor interest in income-generating properties.
What This Means for Buyers and Sellers
Sellers: With homes selling close to list price and within just over a month, sellers continue to benefit from strong market conditions particularly those pricing strategically from the outset.
Buyers: While inventory remains tight, the slight drop in transaction volume may present opportunities to negotiate, particularly in less competitive segments.
Thinking about buying or selling in Boston? Market dynamics may shift seasonally, but expert guidance remains essential. Contact me today to explore how to navigate the current market with confidence.
Market data and analysis based on third-party sources including the seller and public records. MLS Property Information Network, Inc., and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.