January 2024 Market Overview Welcome to Senné’s latest real estate market report, providing an overview of the current state of the housing market in our market centers. As the real estate landscape continues to evolve, staying informed about key trends, statistics, and market dynamics is essential for making informed decisions whether you’re buying, selling, or investing in property. In this report, we’ll highlight various aspects of our local real estate markets, including median home prices, inventory levels, and days on market. Whether you’re a seasoned real estate professional or a first-time homeowner, this report aims to provide clarity and guidance in navigating the intricacies of today’s dynamic real estate market. Want to know what is going on in your town? Contact a Senné Associate today.
Single-Family & Condominium Homes | Year-Over-Year Change BOSTON, MA
CAMBRIDGE, MA
Single-Family
Condominium
Single-Family
Condominium
2024
% Change
2024
% Change
2024
% Change
2024
% Change
Number of Properties Sold
39
-15.2%
153
-37.0%
2
-77.8%
23
0.0%
Median List Price
$760,000
2.4%
$750,000
7.1%
$2,402,000
20.4%
$899,000
-16.4%
Median Sale Price
$705,000
1.1%
$750,000
2.8%
$2,232,590
11.6%
$923,000
-12.9%
Median Sale Price/SF
$430/SF
-6.0%
$774/SF
-13.5%
$798/SF
-8.3%
$911,000
-1.7%
Median Days on Market
21
-22.2%
30
-33.3%
20
-75.2%
10
-85.4%
New Listings
67
8.1%
44
18.8%
11
-8.3%
44
4.8%
ARLINGTON, MA Single-Family
CONWAY, NH Condominium
Single-Family
Condominium
2024
% Change
2024
% Change
2024
% Change
2024
% Change
Number of Properties Sold
9
43.2%
7
-63.2%
3
-50%
9
0
Median List Price
$1,150,000
27.8%
$699,000
-15.3%
$564,900
44.4%
$848,070
N/A
Median Sale Price
$1,300,000
43.2%
$685,000
-14.4%
$532,500
52%
$848,070
N/A
$584/SF
30.6%
$612/SF
19.3%
$260/SF
-36.7%
$588/SF
N/A
Median Days on Market
8
-48.3%
41
43.9%
81
72.3%
0
N/A
New Listings
19
11.8%
18
0.0%
11
150%
7
0
Median Sale Price/SF
Figures reflect MLS data as of 2/1/2024
Offices in Boston, Cambridge, Wayland, Arlington, MA & North Conway, NH | Online at sennere.com