Seaport District Market Analysis: 2024 Recap & 2025 Outlook
The Seaport District condo market experienced notable fluctuations in 2024, influenced by economic conditions, shifting buyer demand, and rising interest rates. While some months showcased strong sales prices and buyer activity, others saw extended days on the market and declining transaction volume.
As we transition into 2025, understanding last year’s performance can help buyers and sellers make informed decisions. Let’s break down the trends, analyze what’s ahead, and determine the best strategies for navigating the Seaport real estate market in the coming year.
2024 Seaport Condo Market Performance
Median Sales Prices & Market Activity
- Highest Median Price: $3,940,333 (December 2024)
- Lowest Median Price: $997,500 (August 2024)
- Prices fluctuated significantly, with strong performance in early and late 2024, while summer saw lower-priced sales.
- The average days on the market (DOM) ranged from 41 to 169 days, indicating a market with varied demand throughout the year.
- Most properties did not sell above the asking price, suggesting buyers had room for negotiation.
Quarterly Breakdown
- Q1 2024 (Jan-Mar): The market started strong, with median prices rising to $2,820,000 in March, but properties took an average of 80-169 days to sell.
- Q2 2024 (Apr-Jun): Prices remained high in April at $3,423,050, though sales volume slightly declined.
- Q3 2024 (Jul-Sept): The market saw mixed results, with July peaking at $3,342,455 and August dropping significantly to $997,500.
- Q4 2024 (Oct-Dec): The market rebounded, with December reaching the highest price point of the year ($3,940,333).
Will 2025 Be a Buyer’s or Seller’s Market?
The Seaport District market will likely remain balanced but will shift toward buyers in early 2025. High mortgage rates and inflation impacted affordability in 2024, leading to slower sales at certain times of the year.
- Buyers will benefit from more options in Q1 and Q2 2025, with sellers becoming more negotiable on price.
- As market confidence improves, sellers will see stronger demand in Q3 and Q4 2025.
- If interest rates stabilize or drop, buyer competition could increase, creating a more competitive market for sellers.
For Buyers 
Best Time to Buy: January – April 2025 offers the best chances for lower prices and motivated sellers. Inventory Growth: More listings in early 2025 mean more choices and potential negotiating power. Mortgage Watch: If rates decline, buyer competition may increase, pushing prices upward.
For Sellers 
Best Time to Sell: July – December 2025 will likely have the highest demand and strongest pricing trends. Competitive Pricing: Buyers remain cautious, so pricing right from the start will attract offers faster. Updated Homes Sell Faster: Well-staged and move-in-ready condos will appeal to severe buyers willing to pay closer to the asking price.
Will Prices Decline in 2025?
With elevated mortgage rates, home prices may see slight corrections in early 2025. However, as economic conditions stabilize, the Seaport District is expected to retain substantial long-term value due to its high desirability.
- If interest rates stay high, buyers will continue negotiating lower prices.
- If rates fall, demand will increase, boosting competition and prices.
- Sellers who price competitively and market effectively will see better results.
Final Thoughts
The Seaport District real estate market in 2024 reflected national economic challenges, but 2025 presents new opportunities for buyers and sellers. Buyers should act early in the year to secure deals, while sellers will benefit from listing during peak demand periods in mid to late 2025.
Thinking about buying or selling in 2025? Contact me for a personalized market analysis and expert guidance! You Can also find Seaport Rental Analysis to see a complete picture of how the 2024 market performed. Every Monday, I post a weekly sales report on Instagram, Facebook, and YouTube, and on Tuesday, I post a post on rentals on the same channels. Hence, you know different neighborhoods and how they perform so you can make a well-educated decision you feel comfortable about.
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