Boston, MA 02108 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary indicator of market value is the median sold price of $6,636,000, which reflects recent transaction activity and signals high-end pricing realized in the neighborhood.
2. The median listing price of $5,995,000 versus the median sold price may indicate a pricing gap between seller expectations and closing prices; this moderate pricing friction appears important for pricing strategy and offer planning.
3. The median days on market of 405 points to slower sales velocity and reduced liquidity relative to faster-turning segments; combined with a neutral market temperature, this suggests a more deliberate negotiation environment and potential need for patience on executing transactions. elevated interest rate pressure is a headwind to rapid turnover.
4. Financing and demand context: the market shows a current 30-year fixed mortgage rate of 6.6% and broader signals of price and rent appreciation (price year-over-year trend: up; rent year-over-year trend: up), while market temperature remains neutral—this implies cautious buyer activity that may resume momentum if interest rate pressure eases; consider emphasizing competitively priced, move-in-ready SFR and condominium listings.

Notable Properties

The following 7 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.