Boston, MA 02215 Real Estate Market Report

ZIP Code: 02215
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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the 02215 area are averaging 6.3%, which is higher than the 5.99% average observed 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 primary market value signal is the median sold price of 727,000, which represents the most reliable indicator of recent transaction levels and should guide pricing expectations for both SFR and condo listings; use sold prices over listing prices for valuation.

2. There is a wide gap between the median listing price of 1,039,998 and the median sold price of 727,000, which may indicate seller pricing expectations are above recent transaction levels and suggests pricing friction between ask and achieved prices that agents should address with comparables and staged concessions.

3. Market velocity appears slow: the median days on market is 374, which signals extended time-to-sale and slower transaction velocity; sellers should expect longer marketing periods and buyers may be able to negotiate on terms or price based on condition and financing certainty.

4. Price and rent trends show mixed but constructive signals: year-over-year price trend is up and rent year-over-year trend is up, while market temperature is neutral and interest rate pressure is moderate (local 30-year fixed average noted at 6.3% vs earlier 5.99%); this combination suggests selective pricing opportunities—investors and owner-occupiers should prioritize properties where the median price per square foot of 998 supports their return or valuation model.

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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 02215 Real Estate Market Report

ZIP Code: 02215
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

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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 the 02215 area are averaging 6.3%, which is higher than the 5.99% average observed 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 primary market value signal is the median sold price of 715,000, which represents the most recent transaction-based indication of neighborhood pricing and should be prioritized over asking prices; current trend context shows prices are up year-over-year.

2. Liquidity appears muted: the median days on market of 371 points to slower sales velocity and suggests listings may require extended marketing time before closing, which may indicate increased negotiation leverage for buyers or a need for adjusted seller expectations—this is consistent with a neutral market temperature.

3. There is notable pricing friction between asking and transaction levels: the median listing price of 1,039,998 versus the median sold price of 715,000 suggests seller expectations are materially above recent sale outcomes and may be driving longer time-to-sale and more aggressive price adjustments; this gap appears to reflect pricing mismatch rather than transaction-side scarcity.

4. Market-wide indicators are broadly balanced: the reported market temperature: neutral aligns with moderate movement rather than a strongly one-sided market, implying a shift toward a more balanced environment where careful pricing and staging matter—this supports a strategy of calibrated list pricing and targeted concessions (neutral).

5. Macro headwinds are present: interest rate pressure: moderate and local mortgage conditions note current 30-year fixed rates averaging 6.3%, higher than the 5.99% average earlier in 2026; meanwhile rental trends are supportive with a median market rent of 3,600 and rents reported up year-over-year, which may sustain investor interest despite borrowing cost pressures.

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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.