Boston Condo Market 2024: Annual Sales Statistics Breakdown

As 2024 comes to a close, the Boston condo market has demonstrated its dynamic nature, reflecting trends in both established and emerging neighborhoods. Based on data from January 1 through December 31, 2024, we have analyzed key insights to help buyers, sellers, and investors better understand this year’s real estate landscape. Here’s a breakdown of the Boston condo market's performance in 2024.

Top Highlights from the 2024 Condo Market

1. Neighborhood Activity

• South Boston led the way with 366 units sold, showcasing its ongoing popularity among buyers.

• The South End (349 units) and East Boston (263 units) also saw significant activity, confirming their strong appeal.

• Smaller neighborhoods like Midtown (89 units) still held their ground, particularly in the luxury segment.

2. Median Sale Prices

• The Seaport District and Midtown stood out with median sale prices of $1,800,000 and $2,279,000, respectively, reaffirming their status as premium markets.

• More affordable neighborhoods included Brighton ($549,500), Roslindale ($615,000), and Dorchester (02124) ($550,000).

3. Price Per Square Foot

• Seaport District saw the highest price per square foot at $1,700.68, followed by Midtown at $1,550.67.

• Budget-conscious buyers found value in Dorchester (02124) ($508.74 per sqft) and Roslindale ($529.49 per sqft).

4. Days on Market (DOM)

• Homes moved quickly in neighborhoods like Charlestown and Roslindale, with a median DOM of just 20 days.

• Luxury-heavy areas like Midtown (67 days) and Seaport District (66 days) naturally took longer, reflecting their niche buyer market.

What This Means for Buyers and Sellers

For buyers, neighborhoods like Brighton, Roslindale, and Dorchester (02124) offer attractive price points and strong value per square foot. Conversely, those seeking luxury living should explore options in the Seaport District, Midtown, and Back Bay.

For sellers, quick market turnover in areas like Charlestown and Roslindale signals strong demand, while luxury property owners in Midtown or the Seaport District should account for longer marketing periods.

Boston’s Real Estate Outlook

Boston remains a competitive and diverse market. Whether you’re a first-time buyer, seasoned investor, or planning to sell, this data highlights the opportunities across the city’s vibrant neighborhoods.

If you’re looking to make a move in 2025 or need expert advice on navigating this dynamic market, our team at the Charles King Group is here to help. Contact us today for personalized insights tailored to your real estate goals.

All data is sourced from MLS PIN and based on single-family home sales between 1/1/2024 and 12/31/2024.