Boston Area Latest Real Estate Market Reports 4/19/2021
If you’re looking the 20114 zip code, conditions remain favorable. 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. Here are all the stats for single-family homes by zip code for the week ending Friday, April 16, 2021.
Boston, MA Single-Family Homes
The week’s median price for houses in Boston sank to $1.5M. The 90 day average continues to stay about static at $1.9M. With the market action index holds at 39, indicating a slight seller’s advantage. The market continues to be at stasis. Inventory is up to 71, a gain of ten from last week’s number.
Boston Single-Family Homes 02114 Zip Code
For the week ending 4/16/2021, the 7 day median list price in 02114 zip code is $3.5M. This is on track with the 90 day median list price of $3.3M. The market action index is steady from last week at 26, holding in a slight buyer’s advantage. 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 Single-Family Homes 02116 Zip Code
For the week ending 4/16/2021, the median list price in 02116 rose from last week to $4.3M. The 90 day median average continued its increase to $3.5M. The median action index shows an ever so slight seller’s advantage at 34, up just one point over last week. With low inventory and possibly increasing demand we could see prices continue to rise in the coming weeks. Inventory held steady at around 5. This trend into the seller’s market seems to be continuing in the 02116 zip code.
Cambridge Single-Family Homes 02138
The median list price for the week ending 4/16/2021 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 held steady at around 6. This zip code is in a strong seller’s market. Prices may resume rise if demand continues and inventory stays low.
Charlestown Single-Family Homes 02129
The Charlestown 02129 market has maintained a slight seller’s advantage for the past month. The median list price for the week ending 4/16/2021 of $1.3M nearly matches the 90 day median price of $1.2M. This median has been trending up the past 4 weeks. Inventory is steady at around 5 and market action index is up to 50 indicating a strong seller’s market.
Sudbury Single-Family Homes 01776
Sudbury 01776 has the strongest seller’s advantage in the area with a rise of market action index this week from 73 to 80. The 7 day median and 90 day median list price match at $1.4M. The 90 day median took just a slight dip from a high of $1.5M two weeks ago. Inventory is up from last week at about 18.
Wellesley Hills Single-Family Homes 02481
Wellesley has the 2nd strongest seller’s market in the area with a market action index rising to 75 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 $2.95M. But the 90 day median list price, which had been trending up, has remained stagnant the past two weeks at $2.9M. Inventory is steady at about 10.
Weston Single-Family Homes
This week’s 7 day median income of $4.2M is continuing to trend up along with the 90 day median of $4.0M. The market action index in Weston rose to 43 up from last week’s 40. The market in this area continues to heat up with demand rising and inventory steady at around 28. 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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