Greater Boston | Market Overview - January 2022
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REAL ESTATE market overview
Data analysis
Greater Boston
WARREN
RESIDENTIAL
January 2022
JAN | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
MARKET OVERVIEW
Page 1
Low inventory is slowly climbing, as mortgage rates rise, price
should moderate. Homes are staying on the market a little
longer.
Last year not a great year if you were trying to buy a home,
but it was a great year for selling one. In 2022, the housing
market will still lean toward the sellers, it offers a slightly better
change for buyers to snag their dream homes.
Lawrence Yun, the chief at the National Association of
Realtors, “All markets are seeing strong conditions, and home
sales are the best they have been in 15 years, the housing
sector’s success will continue, but I don’t expect [2022’s]
performance to exceed [2021’s].”
Sales may decline this year, but predicts that they will exceed
pre-pandemic levels. His forecast is based on an expectation of
more inventory in the coming months. The increased supply will
be generated, in part, from new housing construction as well as
from the end of forbearance for struggling mortgage payers, a
situation that will cause some homeowners to sell.
JAN | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
HOME SEARCH
Page 2
JAN | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
BOSTON
Page 3
Back Bay
Condo Unit Sold DOM Average $
December 2020 30 90 $1,461,135
December 2021 35 68 $1,900,600
Units
+16.7%
Change
Average $
+30.1%
Change
Beacon Hill
Condo Unit Sold DOM Average $
December 2020 13 43 $1,409,154
December 2021 11 43 $1,666,068
Units
-15.4%
Change
Average $
+18.2%
Change
JAN | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
*data collected from MLS Pin Dec 2020 & Oct 2021
BOSTON
Page 4
Brighton
Condo Unit Sold DOM Average $
December 2020 20 74 $538,206
December 2021 23 61 $582,130
Units
+15%
Change
Average $
+8.2%
Change
Charlestown
Condo Unit Sold DOM Average $
December 2020 38 48 $833,289
December 2021 16 50 $774,431
Units
-57.9%
Change
Average $
-7.1%
Change
Single family Unit Sold DOM Average $
December 2020 6 39 $1,133,750
December 2021 8 44 $1,335,000
Units
+33.3%
Change
Average $
+17.8%
Change
JAN | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
BOSTON
Page 5
Dorchester
Condo Unit Sold DOM Average $
December 2020 34 50 $548,062
December 2021 44 52 $585,911
Units
+29.4%
Change
average $
+6.9%
Change
Single family Unit Sold DOM Average $
December 2020 10 60 $698,100
December 2021 12 26 $639,167
Units
+20%
Change
Average $
-8.4%
Change
East Boston
Condo Unit Sold DOM Average
December 2020 15 90 $566,385
December 2021 29 57 $640,600
Units
+93.3%
Change
Average $
+13.1%
Change
Single family Unit Sold DOM Average $
December 2020 4 55 $565,750
December 2021 4 26 $760,999
Units
- %
Change
Average $
+35 %
Change
JAN | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
*data collected from MLS Pin Dec 2020 & Oct 2021
BOSTON Page 6
Fenway
Condo Unit Sold DOM Average $
December 2020 4 67 $1,174,500
December 2021 3 23 $670,296
Units
-25%
Change
average $
-42.9%
Change
Jamaica Plain
Condo Unit Sold DOM Average $
December 2020 39 37 $665,876
December 2021 36 39 $736,086
Units
-7.7%
Change
Average $
+10.5%
Change
Single family Unit Sold DOM Average $
December 2020 8 44 $1,182,988
December 2021 6 26 $1,263,000
Units
-25%
Change
Average $
+6.8%
Change
JAN | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
*data collected from MLS Pin Dec 2020 & Oct 2021
BOSTON Page 7
North end
Condo Unit Sold DOM Average $
December 2020 5 71 $672,600
December 2021 5 106 $715,000
Units
-
Change
Average $
+6.3%
Change
Roslindale
Condo Unit Sold DOM Average $
December 2020 25 24 $583,160
December 2021 10 34 $564,437
Units
-60%
Change
Average $
-3.2%
Change
Single family Unit Sold DOM Average $
December 2020 10 34 $631,590
December 2021 17 36 $799,353
Units
+70%
Change
Average $
+26.7%
Change
JAN | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
*data collected from MLS Pin Dec 2020 & Oct 2021
BOSTON Page 8
Roxbury
Condo Unit Sold DOM Average $
December 2020 4 53 $458,750
December 2021 6 49 $511,333
50.0% 11.5%
Units
+50%
Change
Average $
+11.5%
Change
Seaport District
Condo Unit Sold DOM Average $
December 2020 22 60 $1,583,325
December 2021 12 33 $1,954,704
Units
-45.5%
Change
Average $
+23.5%
Change
South Boston
Condo Unit Sold DOM Average $
December 2020 48 72 $818,524
December 2021 51 55 $826,125
Units
+6.3%
Change
Average $
+0.9%
Change
Single family Unit Sold DOM Average $
December 2020 5 30 $896,100
December 2021 5 33 $1,144,000
Units
-
Change
Average $
+27.7%
Change
JAN | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
*data collected from MLS Pin Dec 2020 & Oct 2021
BOSTON Page 9
South End
Condo Unit Sold DOM Average $
December 2020 38 63 $1,031,105
December 2021 69 52 $1,414,884
Units
+81.6%
Change
Average $
+37.2%
Change
Waterfront
Condo Unit Sold DOM Average $
December 2020 9 110 $1,299,111
December 2021 11 88 $1,114,636
Units
+22.2%
Change
Average $
-14.2%
Change
West Roxbury
Condo Unit Sold DOM Average $
December 2020 5 43 $319,500
December 2021 6 62 $437,400
Units
+20%
Change
Average $
+36.9%
Change
JAN | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
*data collected from MLS Pin Dec 2020 & Oct 2021
BOSTON HAS TWO SEASONS: AUGUST AND WINTER
JAN | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
ANDOVER Page 11
Andover
Single family Unit Sold DOM Average $
December 2020 34 32 $873,929
December 2021 25 25 $783,984
Units
-26.5%
Change
Median $
-10.3%
Change
Condo Unit Sold DOM Average $
December 2020 13 31 $409,648
December 2021 11 30 $561,198
Units
-15.4%
Change
Median $
-37%
Change
JAN | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
ARLINGTON Page 12
ARLINGTON
Single family Unit Sold DOM Average $
December 2020 22 29 $864,727
December 2021 26 19 $1,246,442
Condo Unit Sold DOM Average $
December 2020 25 47 $691,100
December 2021 17 28 $702,353
Units
+18.2%
Change
Units
-32%
Change
Average $
+44.1%
Change
Average $
+1.6%
Change
Multi-family Unit Sold DOM Average $
December 2020 9 43 $1,061,167
December 2021 8 17 $1,102,750
Units
-11.1%
Change
Average $
+3.9%
Change
JAN | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
BELMONT Page 13
Belmont
Single family Unit Sold DOM Average $
December 2020 18 26 $1,276,500
December 2021 12 16 $1,465,667
Condo Unit Sold DOM Average $
December 2020 7 86 $628,786
December 2021 8 35 $562,975
Units
-33.3%
Change
Units
+14.3%
Change
Average $
+14.8%
Change
Average $
-10.5%
Change
Multi-family Unit Sold DOM Average $
December 2020 4 34 $1,138,750
December 2021 4 30 $1,235,562
Units
-
Change
Average $
+8.5%
Change
JAN | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
CAMBRIDGE Page 14
Cambridge
Single family Unit Sold DOM Average $
December 2020 13 26 $2,408,146
December 2021 14 24 $1,955,925
Condo Unit Sold DOM Average $
December 2020 60 45 $977,556
December 2021 60 40 $1,037,022
Units
+7.7%
Change
Units
-
Change
Average $
-18.8%
Change
Average $
+6.1%
Change
Multi-family Unit Sold DOM Average $
December 2020 9 24 $1,956,250
December 2021 9 18 $1,885,000
Units
-
Change
Average $
-3.6%
Change
JAN | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
LEXINGTON Page 15
Lexington
Single family Unit Sold DOM Average $
December 2020 34 36 $1,472,551
December 2021 34 33 $1,669,033
Units
-
Change
Average $
+13.3%
Change
Condo Unit Sold DOM Average $
December 2020 2 14 $850,000
December 2021 13 30 $1,138,923
Units
+550%
Change
Average $
+34%
Change
JAN | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
LYNNFIELD Page 16
Lynnfield
Single family Unit Sold DOM Average $
December 2020 12 18 $709,796
December 2021 17 34 $855,588
Condo Unit Sold DOM Average $
Units
+41.7%
Change
Average $
+20.5%
Change
December 2020 4 52 $516,100
December 2021 - - -
Units
-
Change
Average $
-
Change
JAN | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
MEDFORD Page 17
Medford
Single family Unit Sold DOM Average $
December 2020 33 31 $770,614
December 2021 39 30 $785,792
Condo Unit Sold DOM Average $
December 2020 21 35 $570,082
December 2021 29 44 $661,464
Units
+18.2%
Change
Units
+38.1%
Change
Average $
+2%
Change
Average $
+16%
Change
Multi-family Unit Sold DOM Average $
December 2020 8 32 $966,250
December 2021 9 25 $920,111
Units
+12.5%
Change
Average $
-4.8%
Change
JAN | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
MELROSE Page 18
Melrose
Single family Unit Sold DOM Average
December 2020 33 23 $782,491
December 2021 31 24 $756,126
Condo Unit Sold DOM Average $
December 2020 9 42 $469,767
December 2021 8 25 $531,862
Units
-6.1%
Change
Units
-11.1%
Change
Average $
-3.4%
Change
Average $
+13.2%
Change
Multi-family Unit Sold DOM Average $
December 2020 2 26 $703,750
December 2021 5 20 $991,000
Units
+150%
Change
Average $
+40.8%
Change
JAN | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
NEWTON Page 19
Newton
Single family Unit Sold DOM Average $
December 2020 67 60 $1,678,302
December 2021 68 25 $1,650,783
Condo Unit Sold DOM Average $
December 2020 29 56 $800,276
December 2021 25 47 $1,051,940
Units
+1.5%
Change
Units
-13.8%
Change
Average $
-4.3%
Change
Average $
+31.4%
Change
Multi-family Unit Sold DOM Average $
December 2020 4 52 $1,082,250
December 2021 12 36 $1,176,417
Units
+200%
Change
Average $
+8.7%
Change
JAN | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
PEABODY Page 20
PEABODY
Single family Unit Sold DOM Average $
December 2020 38 21 $537,871
December 2021 32 21 $693,138
Condo Unit Sold DOM Average $
Units
-15.8%
Change
Average $
+28.9%
Change
December 2020 15 24 $384,260
December 2021 8 38 $401,750
Units
-46.7%
Change
Average $
+4.6%
Change
JAN | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
READING Page 21
Reading
Single family Unit Sold DOM Average $
December 2020 20 29 $687,662
December 2021 26 29 $783,050
Condo Unit Sold DOM Average $
Units
+30%
Change
Average $
+13.9%
Change
December 2020 7 63 $483,143
December 2021 10 46 $699,390
Units
+42.9%
Change
Average $
+44.8%
Change
JAN | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
SAUGUS Page 22
Saugus
Single family Unit Sold DOM Average $
December 2020 28 24 $549,446
December 2021 24 18 $605,792
Condo Unit Sold DOM Average $
December 2020 9 38 $369,611
December 2021 6 29 $253,150
Units
-14.3%
Change
Units
-33.3%
Change
Average $
+10.3%
Change
Average $
-31.5%
Change
Multi-family Unit Sold DOM Average $
December 2020 2 17 $700,000
December 2021 5 35 $774,600
Units
+150%
Change
Average $
+10.7%
Change
JAN | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
SOMERVILLE Page 23
Somerville
Single family Unit Sold DOM Average $
December 2020 7 31 $1,005,857
December 2021 6 27 $1,222,167
Condo Unit Sold DOM Average $
December 2020 46 43 $874,839
December 2021 44 45 $815,774
Units
-14.3%
Change
Units
-4.3%
Change
Average $
+21.5%
Change
Average $
-6.8%
Change
Multi-family Unit Sold DOM Average $
December 2020 23 46 $1,456,609
December 2021 18 42 $2,270,903
Units
-21.7%
Change
Average $
+55.9%
Change
JAN | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
STONEHAM Page 24
Stoneham
Single family Unit Sold DOM Average $
December 2020 20 34 $582,827
December 2021 20 22 $755,180
Condo Unit Sold DOM Average $
December 2020 13 27 $355,308
December 2021 14 30 $405,536
Units
-
Change
Units
+7.7%
Change
Average $
+29.6%
Change
Average $
+14.1%
Change
JAN | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
WAKEFIELD Page 25
Wakefield
Single family Unit Sold DOM Average $
December 2020 24 30 $683,600
December 2021 30 36 $790,947
Condo Unit Sold DOM Average $
December 2020 19 19 $433,788
December 2021 11 44 $546,723
Units
+25%
Change
Units
+42.1%
Change
Average $
+15.7%
Change
Average $
+26%
Change
Multi-family Unit Sold DOM Average $
December 2020 4 11 $745,000
December 2021 3 6 $790,667
Units
-25%
Change
Average $
+6.1%
Change
JAN | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
WALTHAM Page 26
Waltham
Single family Unit Sold DOM Average $
December 2020 38 29 $713,984
December 2021 34 30 $767,000
Condo Unit Sold DOM Average $
December 2020 20 31 $495,765
December 2021 26 32 $614,858
Units
-10.5%
Change
Units
+30%
Change
Average $
+7.4%
Change
Average $
+24%
Change
Multi-family Unit Sold DOM Average $
December 2020 1 21 $767,000
December 201 6 22 $1,149,017
Units
+500%
Change
Average $
+49.8%
Change
JAN | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
WATERTOWN Page 27
Watertown
Single family Unit Sold DOM Average $
December 2020 7 18 $740,714
December 2021 12 30 $857,950
Condo Unit Sold DOM Average $
December 2020 28 38 $543,921
December 2021 33 29 $657,566
Units
+71.4%
Change
Units
+17.9%
Change
Average $
+15.8%
Change
Average $
+20.9%
Change
Multi-family Unit Sold DOM Average $
December 2020 11 20 $969,227
December 2021 8 11 $938,812
Units
+27.3%
Change
Average $
-3.1%
Change
JAN | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
WILMINGTON Page 28
Wilmington
Single family Unit Sold DOM Average $
December 2020 24 25 $669,929
December 2021 25 26 $657,780
Units
+4.2%
Change
Average $
-1.8%
Change
Condo Unit Sold DOM Average $
December 2020 4 223 $503,700
December 2021 1 9 $610,000
Units
-75%
Change
Average $
+21.1%
Change
JAN | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
WINCHESTER Page 29
Winchester
Single family Unit Sold DOM Average $
December 2020 21 37 $1,460,095
December 2021 23 29 $1,365,041
Condo Unit Sold DOM Average $
December 2020 12 54 $926,000
December 2021 8 21 $1,175,000
Units
+9.5%
Change
Units
-33.3%
Change
Average $
-6.5%
Change
Average $
+26.9%
Change
JAN | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
We are here to help you with your
real estate journey now and
forever
CONTACT US TODAY!
James Lynch
617 394 8376
jlynch@warrenre.com
JamesLynchRealEstate.com
535 Boylston Boston, MA 02210
JAN | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
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