Boston, MA 02118 Real Estate Market Report

ZIP Code: 02118
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the Boston (02118) real estate market is characterized by a median sold price of $3,342,500, reflecting a market that has decreased 8% since 2022. This decline in prices suggests a shift towards a more balanced market, where buyers may have increased leverage. The median days on market stands at 261 days, indicating a slower sales velocity and potentially a more cautious buyer sentiment.

Despite the cooling in home prices, rental demand remains robust, with a median market rent of $3,960. This rising rental trend, coupled with a neutral market temperature, suggests that while home sales may be experiencing some challenges, the rental sector continues to thrive. The property tax rate at 1.158% adds another layer of consideration for potential buyers and investors in this evolving landscape.

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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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Property Taxes

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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 Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Boston, MA are averaging 6.57% as of March 2026, which is 0.78% higher than the average rate of 5.79% seen earlier in 2026.

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 $3,342,500 indicates a market that has seen a decrease in value, reflecting a shift towards buyer leverage.

2. With 261 days on market, properties are experiencing slower sales velocity, suggesting potential pricing friction.

3. The median market rent of $3,960 is on the rise, indicating a strong rental demand despite the cooling home sales market.

4. The market temperature remains neutral, suggesting a balanced environment for buyers and sellers alike.

5. Current interest rate pressure is described as moderate, which may influence buyer behavior and overall market dynamics.

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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.