The Sudbury and Wellesley Hills markets are the hottest markets for sellers right now. Cambridge and Weston are right behind these areas. Boston proper has maintained a slight seller's advantage as well. Those looking for homes in the 02114 in Boston still maintain a slight advantage. Here are all the stats for single-family homes by zip code for the week ending Friday, April 9, 2021.
Boston, MA Single-Family Homes
The week’s median list price for houses in Boston rose again to $2.6M. The 90 day average continues to trend up at $1.9M. With the market action index holds at 39, indicating a slight seller’s advantage. The market seems to be balanced in the city but inventory is sufficiently low to keep us in the seller’s market zone. Prices have continued to increase as a result. Inventory is at 61.
Boston 02114 Zip Code
For the week ending 4/9/2021, the 7 day median list price in 02114 zip code is $3.4M. This is on track with the 90 day median list price of $3.3M. The market action index rose to 26 Friday indicating a slight buyer’s advantage that seems to be trending towards flipping. Home sales started to exceed new inventory. If demand holds and inventory remains low we may see increase in pricing soon. Inventory is steady at around 7.
Boston 02116 Zip Code
For the week ending 4/9/2021, the median list price in 02116 matched last weeks at $3.7M. The 90 day median average continued to climb to $3.3M. The median action index shows an ever so slight seller’s advantage at 33. With low inventory and possibly increasing demand we could see prices continue to rise in the coming weeks. Inventory held steady at around 4.
The median list price for the week ending 4/9/2021 as well as the 90 day median price matches last week at $1.9M and $2.1M, respectively. The market action index is 47, up from last month’s MAI of 41, indicating a strong seller’s market. Inventory is up 1 from last week at 4. Prices have hit a plateau the past few weeks but if inventory remains low and demand rises we could see an increase in the coming weeks.
The Charlestown 02129 market has maintained a slight seller’s advantage for the past month. The median list price for the week ending 4/9/2021 matches the 90 day median price at $1.2M. This median has been trending up the past 3 weeks. Inventory is steady at 6.
Sudbury 01776 has the strongest seller’s advantage in the area with market action index of 73. This is up from last month’s MAI of 70. The 7 day median and 90 day median list price are at $1.5M and $1.4M, respectively, numbers which have been holding steady the past 4 weeks. Inventory is steady at or around 13.
Wellesley Hills 02481
Wellesley has the 2nd strongest seller’s market in the area with a market action index rising to 72 this past week, an increase from 62 in March. The 7 day median list price has been bouncing around week to week and ended up from last week at $3.1M. But the 90 day median list price, which had been trending up, has remained stagnant the past two weeks at $2.9M. Inventory is down to 8, a loss of three since last week. We expect housing prices to continue trending up in Wellesley.
This week’s 7 day median income of $3.8M is on track with the 90 day median of $4.0M. The market action index in Weston shows a slight seller’s advantage at 40, up from February’s 35. The market in this area continues to heat up with demand rising and inventory up 2 homes from last week at 30. With demand high and inventory low prices continue to trend up as has been the case for the past year.
Questions? Looking to buy or sell? Contact me.
Catherine Bassick Fine Homes and Estates
Senior Global Real Estate Advisor
Brokered by EXP Realty
CA DRE# 01380305
MA LIC# 9558155
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