September Market Report

Boston, Cambridge, and Somerville share a collective population of just under 1,000,000 people across 40+ neighborhoods. In this market report, we present key market statistics and explore what these figures could mean to buyers, sellers, renters, and investors.

Overview

Prices are up across Boston, Cambridge, and Somerville. Single-family home and condo prices continue to hover between the $1,000,000 to just over $2,000,000, and $860,000 to $1,000,000 marks, respectively. According to a new article from Boston Magazine, the number of new listings on MLS jumped after Labor Day weekend for the first time this year. Could this be the break buyers were waiting for? Asking rents for the average two-bedroom also remain healthy. Cambridge leads the pack as the most expensive at reportedly $3,573, and Boston and Somerville are steadily behind at $3,070 and $2,662, respectively.

Learn more about real estate activity in these three markets, download the September 2021 market report here.