East Boston, MA 02128 Real Estate Market Report

ZIP Code: 02128
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The East Boston real estate market is currently characterized by a median sold price of $729,450, reflecting a cooling trend as the market has decreased 8% since 2022. This decline in sold prices suggests a shift in buyer sentiment and may indicate that sellers are adjusting their expectations in response to current market dynamics. The median days on market has extended to 196 days, which points to a slower sales velocity and a potential increase in pricing friction as properties linger longer before sale.

Despite the cooling in sold prices, the market temperature remains neutral, indicating a balanced environment where supply and demand are relatively aligned. However, the presence of elevated inventory levels suggests that there is excess supply relative to sales activity. This situation may lead to further adjustments in pricing strategies as sellers navigate the current landscape. Rental demand continues to show resilience, with the median market rent at $3,207, indicating ongoing interest in rental properties despite the overall market cooling.

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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 East Boston, MA are averaging around 6.38% as of March 2026, which is higher than the 2025 average of 6.66% but lower than the historic average of 7.70% for 30-year fixed mortgages.

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 $729,450 indicates a decrease in market value, reflecting a shift in buyer sentiment.

2. Properties are taking an average of 196 days on market, suggesting slower sales velocity and potential pricing friction.

3. The market temperature is neutral, indicating a balanced supply-demand dynamic despite the cooling trend.

4. Elevated inventory levels suggest excess supply relative to sales activity, which may pressure pricing further.

5. The median market rent of $3,207 shows resilience, indicating strong rental demand in the area.

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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.