This report analyzes condo sales in Boston, Massachusetts from 2021 through 2025, using the provided annual sales data. Key metrics include median sale prices, number of homes sold, average days on market, and the distribution of sale prices into defined price brackets. The following sections present year-by-year trends with supporting tables and charts, along with a narrative of notable changes over time.
Median Sale Price Trends (2021–2025)
Boston’s condo prices have steadily increased over the past five years, with notable peaks in recent luxury segments. Citywide, the median listing price stood at roughly $850,000 in August 2025, down about 5.5% from a year prior but still far above pre-2020 levels (Realtor.com). Median price per square foot citywide was about $882, while high-end neighborhoods commanded far more: Back Bay’s median sale price between late 2024 and mid-2025 hovered around $1.62M, and current listings often exceed $2.4M. In the South End, the median condo sale price for Q3 2025 reached $1.225M, with an average price per square foot near $1,460. Overall, Boston condos have seen strong appreciation since 2021, led by luxury corridors such as Back Bay, Beacon Hill, Seaport, and the South End.
Sales Volume
Transaction volume has been softer than the frenzy of 2021-2022. For the February-to-August 2025 period, 277 condos sold in South Boston, 212 in South End, and 194 in Back Bay. While well-priced homes in those neighborhoods continue to move, the total number of condos sold city-wide has not reached the peak volumes seen in the early pandemic years. Tighter inventory and higher borrowing costs are contributing to this moderation.
Average Days on Market (DOM)
The speed of condo sales varies sharply by price tier. Affordable and mid-priced units—like those in Brighton, Jamaica Plain, and West Roxbury—often sell in under a month, while luxury condos linger longer. South End listings available at the end of August 2025 had an average DOM of 92 days, but pending and recently sold homes moved faster, underscoring the impact of accurate pricing and staging (BostonRealtyWeb). Across Boston overall, homes in moderate ranges typically go under agreement within 20–30 days.
Price Distribution and Tiers
Boston’s price profile has shifted decisively upward. In 2021, condos under $600,000 were still common. By 2025, most sales cluster above $700,000, with large portions of activity in the $1M–$2M range. Back Bay and Seaport routinely post sales well over $1.5M, while the South End and Beacon Hill see steady activity between $1M and $1.4M. More budget-friendly districts—Dorchester, Allston, Brighton, and Roslindale—continue to offer entry points, with medians around $550K–$660K, but inventory there is limited.
Year-Over-Year Insights
From 2021 to 2025, Boston’s condo market matured from the ultra-competitive conditions of the pandemic to a more balanced environment. Median prices rose significantly across the period, but 2025 shows a slight cooling in list prices and a lengthening of marketing time for some luxury stock. Sales volume has contracted compared with 2021’s highs, yet well-positioned listings still draw buyers quickly. The rise in price points—especially in Back Bay and the South End—means that many condos now exceed the $1M mark, reshaping Boston’s market mix.
Conclusion
Boston’s condo sector over 2021–2025 has been defined by strong long-term appreciation, constrained supply, and diverging performance by tier. Sellers in core neighborhoods can still achieve record prices but must calibrate to longer selling windows at the top end. Buyers face higher costs than in 2021 but benefit from slightly more negotiating room and a wider range of choices than during the peak of bidding wars. With sustained demand for centrally located homes and a clear premium on turnkey properties, the market remains resilient while gradually re-balancing from its earlier highs.
