Boston’s housing market is experiencing notable shifts, with changes in home prices, inventory levels, and new developments influencing the real estate landscape.
Market Trends
In March 2026, the median sale price for single-family homes in Boston reached $860,000, marking a 2.4% increase from the previous year. The median price per square foot rose to $764, a 6.2% year-over-year increase. Homes are selling after an average of 33 days on the market, compared to 22 days last year, indicating a slight slowdown in sales pace. The number of homes sold in March was 338, up from 327 in the same month last year. Source
Despite the rise in prices, the market remains competitive. In April 2026, active listings increased by 10.1% year-over-year, providing more options for buyers. However, the median list price decreased by 9.1% to $949,500, suggesting a potential shift towards a more balanced market. Homes sold faster, with the typical Boston home selling in just 31 days, approximately 40% faster than the national median of 52 days. Source
Inventory and Sales
The Boston market saw 2,400 home sales as the spring homebuying season began, a 0.8% decline over the past year. The number of home sales in the region has not surpassed 3,000 during any March since 2022. Factors such as limited inventory, elevated interest rates, and high median sale prices contribute to this trend. Source
Active listings were up 3.2% compared to February of last year, indicating a gradual increase in available properties. However, the median home sale price dropped to $650,000 in February, a 3.7% decrease from the same month a year ago. This marked the first annual decline in Boston’s median sale price in nearly a decade. Source
New Developments
Several new housing developments are underway to address the city’s housing needs. In Jamaica Plain, construction has begun on a six-story, 96-unit affordable, transit-oriented development at 127 Amory Street. This project is part of the ongoing Jackson Square redevelopment and aims to provide housing for households earning up to 80% of the Area Median Income. Source
In South Boston, the redevelopment of the former Edison power plant is being accelerated to prioritize the construction of over 600 housing units. The project will include six buildings and preserve historic elements of the site, with construction on the housing component potentially beginning as early as 2026. Source
These developments, along with ongoing market trends, reflect Boston’s dynamic real estate landscape. Prospective buyers and sellers should stay informed and consider these factors when making decisions in the current market.