Boston, MA 02118 Real Estate Market Report

ZIP Code: 02118
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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.

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Key Findings

1. The primary market indicator, the $3,510,000 median sold price, signals strong absolute pricing for recent transactions and suggests that high-end SFR and condo closings are setting market value in this ZIP code.

2. The 277 median days on market indicates notably slower sales velocity; this extended time to close may reflect pricing friction or more deliberate buyer decision-making rather than immediate liquidity.

3. The $1,257 median price per square foot combined with a rising price year-over-year trend (up) suggests continued appreciation pressure on a per-unit-area basis, particularly for well-located or upgraded product.

4. The $3,900 median market rent and an upward rent year-over-year trend (up) point to ongoing rent growth, but interest rate pressure described as moderate and a neutral market temperature (neutral) imply balanced conditions where negotiation is plausible and investors should underwrite conservatively.

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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.

Boston, MA 02118 Real Estate Market Report

ZIP Code: 02118
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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

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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.

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Key Findings

1. The primary market indicator is the $1,047,000 median sold price, which represents the most reliable signal of realized value in 02118 and suggests transaction prices are slightly below asking in some cases; price momentum is positive year-over-year.

2. There is elevated inventory relative to sales activity in the analyzed sample, which, combined with the gap between the $1,059,000 median listing price and the $1,047,000 median sold price, may indicate increased seller negotiation and pricing friction rather than rapid multiple-offer bidding.

3. Long selling timelines are a notable liquidity signal: the 315 median days on market points to slower sales velocity in this ZIP, which appears to give buyers more time to assess and negotiate rather than indicating immediate distress.

4. Pricing density and rent context are mixed: the $1,091 median price per square foot and $4,100 median market rent, together with a neutral market temperature and moderate interest rate pressure , suggest a balanced near-term outlook where condos may face more stabilization risk while single-family pricing shows continued modest appreciation.

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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.