Boston Condos: Sales Price to List Price Ratio
Boston Real Estate
Boston Condos: Sales Price to List Price Ratio
List to sale price ratio of 95.5% makes pricing ‘increasingly important’
Home sales dipped during the month of November prompting price adjustments, according to preliminary data released by the Cape Cod & Islands Association of REALTORS®.
Last month, 199 single-family homes sold in Cape Cod, marking a year-over-year decrease of 24.3%. Meanwhile, condo sales dipped 11.8% to 60 condos sold.
The median sales price for these homes was $785,000 for single-family properties, and $439,500 for condominiums, compared to $739,000 and $540,000 in 2024, respectively. Notably, 37.69% of all transactions involved a cash buyer in November, up 1.65% from last year.
Single-family home listings fell by 5.8% year over year to 614, while condo listings saw a boost of 16.4% to 227. November saw Cape Cod’s market hit a list-to-sale price ratio of 95.5%.
Both single-family homes and condos lingered on the market. Single-family homes sat 7.5% longer on the market at 43 days; the cumulative number of days condos spent on the market grew 11.3% to 69 days.
“Sellers accurately pricing homes is becoming increasingly important, even with our perpetually limited inventory,” said Betsy Hanson, CEO of CCIAOR & CCIMLS. “With a list-to-sale price ratio of 95.5% at the end of November, the data shows that being realistic about what your home is worth on the open market is paramount for sellers. We’re simply not in a market where buyers are going over asking price on a regular basis.”
Boston Condos: Sales Price to List Price Ratio
Sometimes how Boston condo buyers ask me for averages of list price Vs. sale price and use it as a guide for making an offer.
Having some averages of list prices Vs. sale prices are useful but some Boston downtown condos are overpriced and some are underpriced and a few are priced just right. On average home sellers will get less than their asking price but pricing a home higher does not necessarily result in a higher sale price and can result in a lower sale price.
The seller’s best chance to get the maximum amount of money for their home is within the first two weeks it is on the market.
The following are Boston neighborhood stats comparing list price (after discount) and the original list price to the actual sales price for Boston condos.
Back Bay Condos: List/Sale 95% Original/Sale 93%
Beacon Hill Condos: List/Sale 97% Original/Sale 94%
Brighton Condos: List/Sale 97% Original/Sale 94%
Charlestown Condos: List/Sale 98% Original/Sale 96%
Dorchester Condos: List/Sale 98% Original/Sale 96%
East Boston Condos: List/Sale 97% Original/Sale 95%
Hyde Park Condos: List/Sale 96% Original/Sale 92%
Jamaica Plain Condos: List/Sale 98% Original/Sale 96%
Midtown Condos: List/Sale 96% Original/Sale 90%
North End Condos: List/Sale 93% Original/Sale 93%
Roxbury Condos: List/Sale 97% Original/Sale 88%
Seaport Condos: List/Sale 98% Original/Sale 98%
South Boston Condos: List/Sale 97% Original/Sale 95%
South End Condos: List/Sale 97% Original/Sale 96%
Fenway Condos: List/Sale 97% Original/Sale 96%
Waterfront Condos: List/Sale 95% Original/Sale 93%
