---
title: "Fast Facts: Q3 Boston Real Estate Market Statistics"
description: Each quarter, we look at some “fast facts” and various aspects of market statistics. For the 3rd quarter of 2017, here is a look at some info for Metro Boston, the Luxury market, and the City of Boston in its entirety. Download the comprehensive report here. Metro Boston Fast Facts Average sale prices increased by Continue Reading →
---

[CHARLESGATE Blog ](https://www.charlesgate.com/blog)

# [Fast Facts: Q3 Boston Real Estate Market Statistics](https://www.charlesgate.com/blog/2017/11/03/fast-facts-q3-boston-real-estate-market-statistics)

 Written by [Michael DiMella](https://www.charlesgate.com/blog/author/michael-dimella) | Nov 3, 2017 4:00:00 AM

Each quarter, we look at some “fast facts” and various aspects of market statistics. For the 3rd quarter of 2017, here is a look at some info for Metro Boston, the Luxury market, and the City of Boston in its entirety. [Download the comprehensive report here.](http://info.charlesgaterealty.com/boston-real-estate-market-quarterly-report)

## Metro Boston Fast Facts

- Average sale prices increased by 1.4% year over year (3Q2017: $770K VS  3Q2016: $759K)
- Condos are selling faster than same period last year, average days on the market during this quarter was 33 vs 38 during 3rd quarter in 2016.
- Inventory remains low (936) as well as absorption(1.3 months)
- Sales Closed 2.1% over its listing price.

## Boston Luxury Market (Top 10% of the market)

- Average sale price for this market decreased  by 11% (3Q2017: $2,731,649  Vs  3Q2016: $3,080,435)
- On average, condos in this market sold 2.4% below the listing price.
- Total volume of this market was $347 million.
- Number of sales decreased by 4% year over year (3Q2017: 127 Vs 3Q2016: 132)

## City of Boston

- Average sale prices decreased by 5% year over year (3Q2017: $81K Vs 3Q2016: $861K)
- Condos sold 12% faster than same quarter last year (3Q2017: 37 DOM Vs 3Q2016: 42 DOM)
- Number of sales decreased by 1% year over year (3Q2017: 1300 Vs 3Q2016: 1289)
- Condos in this area sold 1.2%  above its listing price
- Most expensive neighborhoods to buy a condo this quarter were Midtown, Beacon Hill and Back Bay
- Most affordable neighborhoods to buy a condo this quarter were Mattapan, Hyde Park and West Roxbury

<https://cta-redirect.hubspot.com/cta/redirect/949/ab2a33be-fe03-4388-8eb1-53b75d3cfe9c>

[View full post](https://www.charlesgate.com/blog/2017/11/03/fast-facts-q3-boston-real-estate-market-statistics)

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