---
title: [Market Report] Back Bay Condo Prices Up 26.7% Last Month
description: According to the most recent market report put out by GBREB, Back Bay condo median prices saw an increase of over 26% from the year prior.
---

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# [[Market Report] Back Bay Condo Prices Up 26.7% Last Month](https://www.charlesgate.com/blog/2016/10/04/market-report-back-bay-condo-prices-up-26-7-last-month)

 Written by [Michael DiMella](https://www.charlesgate.com/blog/author/michael-dimella) | Oct 4, 2016 4:00:00 AM

According to the most [recent market report](http://info.charlesgaterealty.com/boston-real-estate-market-statistics-and-trends) put out by GBREB, Back Bay condo median prices saw an increase of over 26% from the year prior. In 2015, there were 41 condos at an average price of $1,050,000. This year saw 38 transactions at a median price of $1,330,000 – an increase of 26.7%!

Inventory was much tighter in [Back Bay](https://charlesgaterealty.com/2015/06/07/explore-back-bay-5-newbury-brunch-spots/) with almost 1/3 less listings on the market during the month. We continue to see [limited inventory](https://charlesgaterealty.com/2016/08/05/infographic-5-fast-facts-about-bostons-luxury-condo-market/) and a hyper-competitive market in many [neighborhoods](https://charlesgaterealty.com/boston-neighborhoods/) like Back Bay. Compared to the entire area MLS, Back Bay continues to be well above the market in median pricing, as is to be expected:

Take a look at the complete market snapshot for the Back Bay condo market last month:

<http://cta-redirect.hubspot.com/cta/redirect/949/32606a44-eae4-4d9d-9d35-6deaeb505124>

[View full post](https://www.charlesgate.com/blog/2016/10/04/market-report-back-bay-condo-prices-up-26-7-last-month)

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