Boston, MA 02118 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

Key Findings

1. The primary indicator of recent transaction value is the median sold price of $3,001,000, which sits below the median listing price of $4,200,000 and suggests pricing friction between seller expectations and actual sale outcomes in the current market.
2. Liquidity appears muted: the median days on market of 289 signals slower sales velocity and, combined with a neutral market temperature, suggests a balanced negotiation environment where deals take longer to close.
3. Rental fundamentals remain a supportive offset to price softness: the median market rent of $3,987 and the rent year-over-year trend being up indicate continued rental demand that may absorb certain purchase-market weakness.
4. Market structure shows premium valuation metrics and financing headwinds: the median price per square foot of $1,337 points to a high-price neighborhood profile while interest rate pressure is elevated, which may constrain buyer affordability and slow transaction activity further.

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.