Is Boston, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Boston has remained a Buyer's Market.
Key Takeaway
Boston is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Boston, NY
How much do homes in Boston, NY cost?
Median Sold Price
$332,750
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Boston have sold for 10% more than they did a year ago.
Summary: The median home sold price in Boston was $332,750 in May 2024, up 10% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $209K | $224.9K | +7.6% |
| 3 Bedrooms | $290K | $352.5K | +21.6% |
| 4 Bedrooms | $345K | $368.8K | +6.9% |
| 5+ Bedrooms | $338K | $510K | +50.9% |
Summary: Boston housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 21.6%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 50.9%.
Median Sold Price Compared To Nearby Cities
| Colden | $281.5K | $316.1K | +12.3% |
| Boston | $302.4K | $332.7K | +10.0% |
| Aurora | $389.7K | $406K | +4.2% |
Housing Supply in Boston, NY
How many homes are available in Boston, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 19 | +58.3% |
Summary: The Boston real estate market had 19 homes for sale in May 2024, a 58.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 3 | 8 | +166.7% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Boston housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 166.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Boston, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Boston in May 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Boston, NY
How long does it take to sell a home in Boston, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 9 Days | -28.0% |
Summary: Homes in Boston had an average of 9 days on market in May 2024, down by 28% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Boston are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in Boston; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
