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The Boston housing market remains very competitive, with homes typically receiving three offers and going under contract in about 21 days. Last month, the median sale price rose 5.1% year-over-year to \$840K, reflecting continued demand and resilience in overall home values. However, the median price per square foot dipped slightly by 1.9% to \$716, suggesting some pricing adjustments in smaller or more compact properties. Overall, the market remains active and tight, especially for well-located and move-in-ready homes.
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In May 2025, Boston's housing market saw a 5.1% increase in median home prices compared to the same period last year, reaching \$840K. Despite this price growth, homes are selling at a similar pace—averaging 21 days on the market compared to 20 days last year—indicating continued buyer demand. However, total sales volume declined, with 488 homes sold this May versus 526 a year ago, suggesting tighter inventory or more selective buyer behavior. Overall, the market remains strong and competitive, with rising prices and limited availability driving continued pressure on buyers.
Boston remains a very competitive housing market, with homes typically going pending in about 21 days. Many properties attract multiple offers, and some buyers are waiving contingencies to gain an edge. On average, homes sell around list price, reflecting steady demand and minimal room for negotiation. Hot homes—especially those in desirable neighborhoods or with recent updates—can sell for up to 3% above asking and go under contract in as little as 13 days. Buyers should be prepared to act quickly, while sellers can expect strong interest and competitive offers.
As of June 2025, Boston, MA is a seller’s market, meaning buyer demand is greater than the number of homes available for sale. This market imbalance leads to quicker sales, competitive bidding, and limited room for price negotiation—especially for well-priced, move-in-ready homes. Sellers are in a strong position to secure favorable terms, while buyers need to act quickly and strategically to compete in a fast-moving environment.
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