South Boston, MA 02127 Real Estate Market Report
ZIP Code: 02127
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.
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
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.
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
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 South Boston, MA, are approximately 6.3% as of May 2026, reflecting a market environment where rates have remained elevated compared to the sub-6% levels observed earlier in the year.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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The primary market indicator, the median sold price, is $1,006,000, which represents the best signal of recent transaction-level value and appears meaningfully below the median listing price of $1,412,500, suggesting pricing friction between seller expectations and completed sales.
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Price momentum and rental trends are positive: year-over-year price movement is up and rent year-over-year trend is up, which together suggest continuing upward pressure on valuations and rental rates in the near term (strengthening market signals).
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Market velocity shows slower turnover: the median days on market is 302, which may indicate slower sales velocity and the need for longer marketing timelines or more competitive pricing to accelerate transactions (slower liquidity).
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Capital and affordability context is mixed: interest rate pressure is elevated while median market rent is $3,900, implying that higher financing costs may weigh on buyer purchasing power even as strong rents support investor interest and rental demand (elevated interest rate pressure).
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold above market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold at market average
South Boston, MA 02127 Real Estate Market Report
ZIP Code: 02127
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.
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
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.
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
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 South Boston, MA, are approximately 6.3% as of May 2026, reflecting a market environment where rates have remained elevated compared to the sub-6% levels observed earlier in the year.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
-
The primary market value indicator is the median sold price of 824,900, which points to recent transaction-level pricing and, together with a up price year-over-year trend, suggests modest upward pressure on values in May 2026.
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There is a noticeable gap between the median listing price of 989,000 and the median sold price of 824,900, which may indicate seller optimism or pricing friction that could prolong negotiation times and contribute to slower sales velocity given the long median days on market of 310.
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Inventory dynamics appear to show elevated inventory relative to sales activity in the analyzed sample, which combined with a neutral market temperature (neutral) suggests a balanced-to-warm market where sellers retain some leverage but buyers have room to negotiate.
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Interest rate pressure is elevated with current 30-year fixed mortgage rates around 6.3%, while rent momentum is positive (median market rent 4,100 and rent year-over-year trend up); this supports continued rental demand but may temper purchase affordability and buyer pool size.
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold below market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.3% rate, 1.1% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/1/2026
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