Back Bay Real Estate Market Report

Back Bay Boston Real Estate

Market Report

Read below to learn more about the Back Bay real estate market. Indexes include median price, numbers of properties sold, $ per square foot, days-on market, condo availability, and much more

About Back Bay
Back Bay Boston real estate market report

Real Estate Market Trends in Boston's Back Bay

Condo Prices and other trends

SEE ANNUAL STATS BELOW

Back Bay condos going pending, under agreement

Condominiums Going Under Agreement, Boston's Back Bay (MLS-PIN)

Through 5/31/2024. 30-day periods rolling every 2 weeks.

Available Back Bay condos

Number of Available Condominiums in Boston's Back Bay (MLS-PIN)

As of 5/31/2024 the number of available condos is 134
Average days on market for currently available units as of 5/31/2024: 109

Back Bay condos going under agreement vs inventory

Inventory vs. for Properties Going under agreement in Boston's Back Bay (MLS-PIN)

For May 1-May 31, 2024. The chart above compares the number of units going under agreement in this period with the number of available listings at the end of that period.

Back Bay condo absorption rate

Under Agreement Absorption Rate; Months of Supply, Back Bay (MLS-PIN)

Through 5/31/2024. 30-day periods. Rolls every 2 weeks

  • The number of properties available vs. the number of condos going under agreement/pending in the last 30 days.
  • Expressed in "months of supply." Determines whether there is upward or downward pressure on prices.
  • A 4+- month supply considered a balanced market. Above that, there is downward pressure on prices, and below that there is upward pressure.
  • While sales activity has lessened, there are also fewer condos on the market, driving prices up despite the 4+ months of supply.
Back Bay condo median sales price per quarter

Median Sale Price per Quarter, Back Bay Condos (LINK)

First Quarter of 2024 as of 6/7/2024 (not final figure): $1,210,000

Back Bay sold condos $ per square foot

Average $/SF Quarterly for Back Bay Condos Sold (LINK)

First Quarter of 2024 as of 6/7/2024 (not final figure): $1,508/SF

Closed Condominiums per Quarter in the Back Bay

Closed Condominiums per Quarter in the Back Bay (LINK)

Asking-Selling Price Ratio for Back Bay Condos Quarterly

Asking-Selling Price Ratio for Back Bay Condos Quarterly (LINK and MLS-PIN)

Average Days-On-Market for Sold Condos Quarterly, Back Bay

Average Days-On-Market for Sold Condos Quarterly, Back Bay (MLS-PIN)

Back Bay Condominiums Sold per Year

Back Bay Condominiums Sold per Year (LINK)

Median Price, Condos Sold per Year, Back Bay

Average $/SF, Condos Sold per Year, Boston Back Bay (LINK)

In thousands

verage $/SF, Condominiums Sold by Year, Back Bay of Boston

Median Sales Price, Condominiums Sold by Year, Back Bay(LINK)