Beacon Hill apartment prices are dropping from last year. (Here’s why)

In today’s Boston real estate blog post, I compared Boston Beacon Hill apartments for rent in the 2nd Q of 2021 to last year (2nd Q of 2020) based on MLS data. The results may surprise you.

What was the number of Boston Beacon Hill apartment rentals in the 2nd Q?

The number of Boston Beacon Hill apartment rentals in 2nd Q of 2021 – 248.

The number of Boston Beacon Hill apartment rentals in the 2nd Q of 2020 – 116

My thoughts: There are fewer real estate office pocket listings. More agents need to co-broke so they’re putting their listings on MLS

  • A pocket listing is where a real estate office keeps there listings in-house and does not put them on MLS

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What was the average Beacon Hill apartment rental price in the 2nd Q?

The average rented price of a Boston Beacon Hill apartment rental in the 2nd Q of 2021 – $2,840.00.

The average rented price of a Boston Beacon Hill apartment rental in the 2nd Q of 2020 – $3,036.00.

My thoughts: Simple case of supply and demand. fewer workers need to come to Boston for work and colleges and universities are providing Zoom classes

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How long did it take to rent out a Boston Beacon Hill apartment in the 2nd Q?

What was the length of time to rent out a Beacon Hill apartment in the 2nd Q of 2021? – 48 days

What was the length of time to rent out a Beacon Hill apartment in the 2nd Q of 2020? – 30 days

My thoughts: Boston Beacon Hill landlords were reluctant to lower their rental price at first so it took longer to rent them out.

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Boston Beacon Hill Apartments for Rent FAQ

How long does it take to rent a Beacon Hill apartment?

In the 1st Q of 2021, it took 61 days to rent a Beacon Hill apartment in 2021

How many Beacon Hill apartments rented in the 1Q of 2021?

178 Beacon Hill apartments rented out in the 1Q of 2021

What is the average price of a Boston Beacon Hill apartment in 2021?

The average price of a Boston Beacon Hill apartment in 2021 is $2,500 per month

What is the average size of a Beacon Hill apartment?

The average Beacon Hill apartment in 2021 was 600 sq ft

How long does it take to rent out a Boston Beacon Hill apartment 2nd Q 2021?

It takes 37 days to rent our Boston Beacon Hill apartment.

How many Boston Beacon Hill apartments are there for rent in the 2nd Q of 2021?

In the 2nd Q of 2021 the average was 155 Beacon Hill apartments for rent

 

Boston Real Estate and Beacon Hill Apartments for Rent

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Ford Realty Inc., Boston Real Estate for Sale

Ford Realty Inc., Boston Real Estate for Sale

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Updated: Boston Real Estate 2021

 

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