Top Real Estate Agents in Boston, Massachusetts

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2023 Boston, Massachusetts Housing Market Summary

Boston, Massachusetts started 2023 with a total of 53 single-family homes on the market, with a median home price of $849,000 and an average price per square foot of $702. By the end of the year, inventory had remained the same at 53 homes on the market (+0%), with a median home price of $1,874,900 (+120%) and an average price per square foot of $1,093 (+55%).

At the start of 2023, the median days on market (DOM) was 77 days – by the end of the year, median DOM had remained the same at 77 days.

Boston started the year with 37% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 28% of Boston homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Boston started 2023 as a strong seller’s market, with an MAI score of 65; by the end of the year, the MAI had dropped to 60 – a strong seller’s advantage.

This market summary is powered by Altos Research – click here to run a free report for your area.

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