Boston, MA 02108 Real Estate Market Report

ZIP Code: 02108
Report Date: February 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Boston real estate market reflects a median sold price of $5,581,000, indicating a recent decrease in home values. This trend suggests a down market compared to previous periods, although the overall market remains competitive due to low inventory levels. The median listing price stands at $8,097,500, highlighting a significant gap between seller expectations and actual transaction values, which may contribute to slower sales activity.

With a median days on market of 182, properties are taking longer to sell, indicating a slower transaction volume. Despite this, the market temperature is classified as hot, suggesting that demand remains robust, particularly in the context of a strengthening local economy driven by biotech and educational institutions. Elevated interest rate pressure, currently around 5.75% to 6.11%, may also be influencing buyer behavior, leading to a cautious approach in the market.

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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.

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Market Metrics

Note: 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.

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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.

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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.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Boston, MA, around 5.75% to 6.11% are lower than the projected 2026 origination average of 6.4%, presenting a cost-saving opportunity for recent borrowers.

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

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Key Findings

1. The median sold price of $5,581,000 reflects a down trend in home values, indicating potential pricing friction for sellers.

2. A median listing price of $8,097,500 suggests a significant gap between seller expectations and market reality, which may affect sales velocity.

3. With 182 days on market, properties are experiencing slower sales velocity, indicating a need for strategic pricing adjustments.

4. The market temperature remains hot, suggesting that demand is still strong despite the down trend in prices.

5. Elevated interest rate pressure may be contributing to buyer hesitancy, impacting overall market liquidity.

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Notable Properties

The following 8 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.