Home Values

Boston Metro Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$361,900

  • 5.6% 1-year change
  • 0.7% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Warm

Buyers' Market
Sellers' Market

The median home value in Boston Metro is $361,900. Boston Metro home values have gone up 5.6% over the past year and Zillow predicts they will rise 0.7% within the next year. The median list price per square foot in Boston Metro is $224, which is higher than the Massachusetts average of $207. The median price of homes currently listed in Boston Metro is $379,900 while the median price of homes that sold is $383,250. The median rent price in Boston Metro is $2,300, which is higher than the Massachusetts median of $2,225.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Boston Metro is 7.3%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Boston Metro homeowners underwater on their mortgage is 10.6%, which is lower than Massachusetts at 12.1%.

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Relative ZHVI
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Boston Metro Market Overview

Data through Aug 31, 2014
  • $361,900 ZHVI
  • 0.7% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Aug 31, 2015)
  • $379,900 Median listing price
  • $383,250 Median sale price
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Boston Metro Market Health

Data through Aug 31, 2014
  • 6.4/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No recent data Average days on Zillow
  • 10.6% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 7.3% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

1.2 homes Massachusetts
4.3 homes United States
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Cities in Boston Metro

Name Median ZHVI
Newton $819,600
Cambridge $555,300
Somerville $470,500
Name Median ZHVI
Boston $430,500
Quincy $346,500
Lynn $235,700
Name Median ZHVI
Lowell $212,500
Brockton $194,300
Lawrence $183,600

Listings & Sales

Data through Aug 31, 2014
  • $224 Median list price / sq ft
  • $240 Median sale price / sq ft
  • 40.0% Listings with price cut
15.1%
Sold below listing
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Boston Metro Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $2,116 Boston Metro
    $1,932 Massachusetts
    $1,328 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $2,300 Rent list price
  • $2.33 Rent list price / sq ft
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