The Roxbury condo market in 2024 saw fluctuations in sales volume, price variations, and shifting buyer demand. Some months experienced strong price growth, while others showed slower movement and increased negotiation power for buyers.
As we approach 2025, buyers and sellers should analyze these patterns to make informed real estate decisions. The new presidential administration may also introduce economic and housing policy changes that impact Roxbury’s condo market.
Let’s explore how the market performed in 2024, compare it to 2023, and forecast what we expect in 2025.
Roxbury Condo Market Performance in 2024
Sales Volume & Market Activity
The Roxbury condo market saw fluctuations in sales throughout 2024:
- Highest Number of Condos Sold: June (15 condos closed)
- Lowest Number of Condos Sold: January, February & March (1 condo each)
- Fastest Selling Period: October (13 days on the market)
- Slowest Selling Period: August (132 days on the market)
Comparison to 2023:
- 2024 had more substantial price growth than 2023, but the number of sales varied significantly by month.
- Homes took longer to sell in several months, indicating shifting market conditions.
Median Sales Prices & Market Trends
The Roxbury condo market saw price fluctuations throughout 2024:
- Highest Median Sales Price: February ($750,000)
- Lowest Median Sales Price: September ($436,650)
- First Quarter Trends: Prices ranged from $540,000 in January to $600,000 in March.
- Second Quarter Trends: June saw the highest price at $645,813, while April dropped to $450,692.
- Third Quarter Trends: July peaked at $614,583, while August dropped to $476,300.
- Fourth Quarter Trends: December rebounded to $633,333, while November had one of the lowest prices at $461,800.
Comparison to 2023:
- 2024 had a wider range of price fluctuations compared to 2023’s more stable pricing.
- Lower-priced months in 2024 created better buyer opportunities, while peak-priced months favored sellers.
2025 Roxbury Condo Market Forecast
Looking ahead to 2025, we anticipate shifts based on economic conditions, mortgage rates, and government policy changes.
Best Time for Buyers: Early 2025 (January – April)
With higher inventory from late 2024, buyers may find better deals and more negotiation power.
Best Time for Sellers: Mid-to-late 2025 (May – September)
As the market trends upward during spring and summer, sellers will see increased buyer demand and rising prices.
How the New Presidential Administration May Impact Roxbury’s Condo Market
A new administration in 2025 could influence Roxbury’s condo market in several ways:
1. Interest Rate Changes
Lower interest rates could increase buyer demand, boosting condo sales.
Higher rates would reduce affordability, keeping some buyers out of the market.
2. Housing Affordability & Tax Incentives
Potential tax breaks for first-time homebuyers could boost demand. Federal housing supply initiatives may impact pricing and availability. New rent control policies could affect investor confidence, shifting market demand.
3. Economic Growth & Inflation
A strong economy could lead to higher disposable incomes and home purchases. Economic uncertainty may slow demand, causing more extended selling periods.
Key Takeaways for Buyers & Sellers in 2025
For Buyers:
- Early 2025 will be the best time to find deals and negotiate better prices.
- If interest rates decrease, mortgage affordability will improve.
For Sellers:
- Peak selling season (May – September) will bring higher offers and faster sales.
- Strategic pricing will be key, as buyers remain sensitive to market conditions.
Planning to Buy or Sell a Condo in Roxbury in 2025?
The Roxbury condo market is set for another dynamic year. Whether buying or selling, staying informed on market trends is essential.
Contact me today for a customized market analysis and expert guidance! Click here to check out Single Family Market Analysis and Roxbury Rental Market Analysis. Stay updated with weekly reports on Instagram, Facebook, and YouTube to make the best real estate decisions.
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