Boston, MA Homes For Sale & Real Estate

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Boston, MA Real Estate Insights

Thinking of relocating to Boston? Beantown, as it's commonly called, is one of the oldest cities in the United States, full of national history due to it's role in the American Revolution. Boston doesn't fall short in cultural and social offerings for residents. Trulia gives Boston a 6 out of 6 rank for restaurants, which doesn't come as much of a surprise, considering one of the oldest restaurant in the nation, the Union Oyster House, is located on the Freedom Trail. Also ranking 6 out of 6 are the arts scene, nightlife, cafes and active lifestyles in Boston.
Currently, Boston has 617,591 residents. The median age is 32 years old and the median income is $54,418, which is slightly above the national median. The median age of Boston homeowners is high at 76 years old - presumably due to the high average list price on homes for sale in the city. The average list price on homes for sale in Boston was $923,618 last year, an increase from $779,489 in 2014, or 18.49 percent. In terms of price-per-square-foot, Boston homeowners saw increases of 13.2 percent, from $568 to $643 between 2014 and 2015. Inventory is tight in Boston, which could be driving home prices up as well, with only 826 homes hitting the market in 2015. Although this was a slight increase from 2014, when 753 homes hit the market, it falls far behind the average inventory of 1,862 for other U.S. cities of similar size.