Is Boston, MA 02118 a buyer’s or seller’s market?
Boston is a seller’s market. With about 3.4 months of supply and 10% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 34% of U.S. ZIP codes, and #344 of 362 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Boston housing market right now
In the three months ending August 31, 2026, 10% of homes in Boston, MA 02118 sold above their list price, the typical home went under contract in 39 days and there were 3.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 101 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 18%, homes sold more slowly (27 days then) and the median sale price rose 6% to $1,109,520. Overall, Boston is less competitive than a year ago, which gives buyers more room.
Within Suffolk County, homes here sell more slowly than in 87% of the county’s ZIP codes, and sell less often over asking than in 80%. On our competition score, Boston ranks #344 of 362 MA ZIP codes with enough sales (score 36 out of 100).
Nearby, buyers who want less competition could look at Boston 02111 (0% sold over asking) or Boston 02110 (2% sold over asking), while Roslindale 02131 (53% sold over asking) and Jamaica Plain 02130 (50% sold over asking) are even more competitive.
Run the numbers for 02118
Nearby markets
Allston 02134Buyer’s market $616 /sq ftBoston 02108Seller’s market $1,406 /sq ftBoston 02109Seller’s market $1,152 /sq ftBoston 02110Balanced $1,317 /sq ft Browse all markets →Towns like Boston nearby
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Questions about Boston real estate
Is Boston a buyer’s or seller’s market?
A seller’s market: there were 3.4 months of supply in Boston, MA 02118 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Boston?
The typical home went under contract in 39 days in the latest three months.
Do homes in Boston sell over asking?
10% of homes sold above their original list price, and the typical sale closed at 97.8% of the list price.
What are property taxes in Boston?
About 0.66% of a home’s value a year in Suffolk County, or roughly $2,640 on a $400,000 home.
What is the median home price in Boston?
The median sale price was $1,109,520 in the three months ending August 31, 2026, about $1,078 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology