Midtown Boston Condo Market: What 2024 Taught Us & What to Expect in 2025
The Midtown Boston real estate market experienced a year of ups and downs in 2024, shaped by rising inflation, fluctuating interest rates, and shifting buyer demand. While certain months showed increased activity, others were marked by extended days on the market and fewer properties selling above asking price.
If you’re considering buying or selling a condo in Midtown in 2025, understanding the patterns from 2024 can provide valuable insight. By analyzing past trends, you can make more informed decisions moving forward. Let’s dive into the data and explore what 2025 might bring.
2024 Midtown Boston Condo Market Trends
Prices & Sales Activity
Market volatility was evident throughout the year, with median sale prices ranging from $1,681,667 in January to a peak of $2,992,500 in July. However, despite price increases in some months, homes generally took longer to sell. The average days on market (DOM) ranged between 89 and 173 days, giving buyers more negotiating power. Additionally, very few properties sold above the asking price, indicating a slowdown in competition among buyers.
Quarterly Performance
- Q1 (Jan-Mar 2024): The year started slowly, with only 3-9 condo sales per month. Many buyers hesitated due to high mortgage rates.
- Q2 (Apr-Jun 2024): Sales activity increased, but high interest rates continued to push many properties below asking price.
- Q3 (Jul-Sept 2024): The market saw its strongest pricing, peaking in July at $2,992,500.
- Q4 (Oct-Dec 2024): As the year ended, the market cooled again, with median prices dipping to $1,983,889 in November.
How Interest Rates & Inflation Affected the Market
Interest rates played a significant role in shaping Midtown’s real estate market. Higher borrowing costs made it difficult for many buyers to afford condos, leading to more negotiation leverage for buyers. As a result, sellers had to adjust prices, offer incentives, or leave properties on the market longer. Luxury condos, in particular, saw extended days on market as buyers waited for more favorable financing conditions.
For Buyers: What to Expect in 2025 
Best Time to Buy: The first quarter of 2025—particularly January through March—could offer buyers the best deals, as sellers may be more motivated before the spring market picks up. More Listings Expected: As interest rates stabilize, spring and summer 2025 could bring more inventory, giving buyers greater selection. Mortgage Rate Watch: If rates decrease, expect competition to rise, making early offers more advantageous.
For Sellers: What to Expect in 2025
Best Time to Sell: Demand is expected to peak between April and July 2025, making it the optimal window to list your property. Pricing Will Matter: With cautious buyers, setting a competitive asking price will be crucial for a quick and successful sale. Move-In-Ready Homes Sell Faster: Staged and updated condos tend to attract serious buyers who are willing to meet or come close to the asking price.
Should You Buy or Sell in 2025?
Thinking about buying? The early months of 2025 could offer lower prices and better negotiations, but if mortgage rates drop later in the year, waiting could mean better long-term financing.
Considering selling? Spring and summer are expected to bring the most buyer activity, especially if rates decline, allowing more buyers to enter the market.
Final Thoughts
Midtown Boston’s real estate market remains valuable yet competitive. With 2025 poised to be a year of transition, understanding market trends and timing your move strategically will be key to success.
Thinking about buying or selling in 2025? Contact me for a personalized market analysis and expert guidance! If you are an investor please also check out Midtown Rental Analysis.
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