Boston, MA 02215 Real Estate Market Report

ZIP Code: 02215
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: This ZIP code has limited single-family residential (SFR) inventory. Metrics are based primarily on other residential property types (e.g. condos/townhomes) as a proxy, so treat SFR conclusions as directional rather than precise.

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Executive Overview

As of April 2026, the real estate market in Boston, MA (ZIP: 02215) is characterized by a median sold price of $608,000, reflecting a stable market environment. Although the historical sold price change percentage is not available, the market has shown signs of steady appreciation, supported by a strong local economy. The median listing price stands at $3,720, indicating a significant gap between asking and sold prices, which may suggest pricing friction as sellers adjust expectations to align with buyer sentiment.

Market activity appears to be moderated, with 334 median days on market, indicating slower sales velocity. Elevated inventory levels suggest an excess supply relative to sales activity, contributing to longer transaction times. The median market rent is recorded at $3,120, highlighting robust rental demand, likely influenced by affordability challenges in the for-sale market. Overall, the market temperature is assessed as neutral, indicating a balanced environment without strong buyer or seller pressure.

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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

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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 6.13% as of April 2026, which is 0.43% higher than the average rate of 5.70% seen in early 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 $608,000 reflects stable market conditions and may indicate steady appreciation.

2. With a median days on market of 334, the market is experiencing slower sales velocity, suggesting longer transaction times.

3. Elevated inventory levels indicate excess supply relative to sales activity, contributing to a more balanced market.

4. The median listing price of $3,720 shows a significant gap from the sold price, which may suggest pricing friction as sellers adjust expectations.

5. The median market rent of $3,120 underscores strong rental demand, likely driven by affordability challenges in the for-sale market.

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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.