Greater Boston | Market Overview - February 2022
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REAL ESTATE market overview
Data analysis
Greater Boston
WARREN
RESIDENTIAL
February 2022
February | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
MARKET OVERVIEW
Page 1
If you’re a home buyer, you may have hoped that the real
estate market might freeze up a bit in early January to allow
breathing room in a less competitive market. Unfortunately,
that doesn’t appear to be happening.
Still early in 2022, Realtor.com’s Monthly Housing Report shows
that the real estate market is starting off just as competitive as
2021′s. While both buyers and sellers are usually slow to enter
the market in January, this year’s sellers appear to be the only
ones waiting to get into the housing market, according to
Realtor.com’s analysis.
Sellers typically buy their next home, so they face that same
lack of inventory, especially because new homes aren’t being
constructed fast enough to meet demand.
Price appreciation is anticipated to slow a little later in 2022
when interest rates are expected to rise. One reason buyers
may be in the market and competing heavily now is the desire
to buy before mortgage rates increase again.
February | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
HOME SEARCH
Page 2
February | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
BOSTON
Page 3
Back Bay
Condo Unit Sold DOM Average $
January 2021 17 80 $1,906,088
January 2022 24 70 $2,630,838
Units
+41.2%
Change
Average $
+38%
Change
Beacon Hill
Condo Unit Sold DOM Average $
January 2021 11 117 $1,023,768
January 2022 5 84 $1,045,580
Units
-54.5%
Change
Average $
+2.1%
Change
February | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
*data collected from MLS Pin Jan 2021 & Jan 2022
BOSTON
Page 4
Brighton
Condo Unit Sold DOM Average $
January 2021 21 63 $425,281
January 2022 14 64 $620,867
Units
-33%
Change
Average $
+46%
Change
Charlestown
Condo Unit Sold DOM Average $
January 2021 14 70 $806,929
January 2022 9 74 $1,124,113
Units
-35.7%
Change
Average $
+39.3%
Change
Single family Unit Sold DOM Average $
January 2021 2 32 $1,827,500
January 2022 3 41 $1,703,840
Units
+50%
Change
Average $
-6.8%
Change
February | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
BOSTON
Page 5
Dorchester
Condo Unit Sold DOM Average $
January 2021 23 52 $572,783
January 2022 34 67 $574,344
Units
+47.8%
Change
average $
+0.3%
Change
Single family Unit Sold DOM Average $
January 2021 9 41 $627,333
January 2022 9 37 $853,500
Units
-
Change
Average $
+36.1%
Change
East Boston
Condo Unit Sold DOM Average
January 2021 13 25 $634,800
January 2022 17 67 $651,112
Units
+30.8%
Change
Average $
+2.6%
Change
Single family Unit Sold DOM Average $
January 2021 3 40 $545,667
January 2022 - - -
Units
-
Change
Average $
-
Change
February | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
*data collected from MLS Pin Jan 2021 & Jan 2022
BOSTON Page 6
Fenway
Condo Unit Sold DOM Average $
January 2021 20 63 $929,955
January 2022 4 69 $722,225
Units
+80%
Change
average $
-22.3%
Change
Jamaica Plain
Condo Unit Sold DOM Average $
January 2021 23 49 $582,996
January 2022 28 61 $594,563
Units
+21.7%
Change
Average $
+2%
Change
Single family Unit Sold DOM Average $
January 2021 7 33 $1,190,429
January 2022 6 18 $1,395,500
Units
-14.3%
Change
Average $
+17.2%
Change
February | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
*data collected from MLS Pin Jan 2021 & Jan 2022
BOSTON Page 7
North end
Condo Unit Sold DOM Average $
January 2021 8 75 $628,300
January 2022 1 28 $550,000
Units
-87.5%
Change
Average $
-12.5%
Change
Roslindale
Condo Unit Sold DOM Average $
January 2021 16 56 $525,444
January 2022 11 49 $480,927
Units
-31.3%
Change
Average $
-8.5%
Change
Single family Unit Sold DOM Average $
January 2021 10 20 $692,250
January 2022 5 22 $792,500
Units
-50%
Change
Average $
+14.5%
Change
February | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
*data collected from MLS Pin Jan 2021 & Jan 2022
BOSTON Page 8
Roxbury
Condo Unit Sold DOM Average $
January 2021 4 26 $720,225
January 2022 5 103 $562,110
Units
+25%
Change
Average $
-22%
Change
Seaport District
Condo Unit Sold DOM Average $
January 2021 22 48 $1,474,529
January 2022 12 74 $2,355,875
Units
-45.5%
Change
Average $
+59.8%
Change
South Boston
Condo Unit Sold DOM Average $
January 2021 41 70 $751,357
January 2022 22 82 $819,645
Units
-46.3%
Change
Average $
+9.1%
Change
Single family Unit Sold DOM Average $
January 2021 3 79 $998,667
January 2022 1 168 $600,000
Units
-66.7%
Change
Average $
-39.9%
Change
February | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
*data collected from MLS Pin Jan 2021 & Jan 2022
BOSTON Page 9
South End
Condo Unit Sold DOM Average $
January 2021 23 69 $934,188
January 2022 33 79 $1,383,579
Units
+43.5%
Change
Average $
+48.1%
Change
Waterfront
Condo Unit Sold DOM Average $
January 2021 11 101 $1,147,773
January 2022 11 83 $1,172,600
Units
-
Change
Average $
+2.2%
Change
West Roxbury
Condo Unit Sold DOM Average $
January 2021 8 59 $435,062
January 2022 11 40 $819,000
Units
+37.5%
Change
Average $
+88.2%
Change
February | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
*data collected from MLS Pin Jan 2021 & Jan 2022
SHIVER WHILE FROSBITE SAILING IN BOSTON HARBOR
February | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
ANDOVER Page 11
Andover
Single family Unit Sold DOM Average $
January 2021 23 39 $826,917
January 2022 17 19 $794,000
Units
-26.1%
Change
Median $
-4%
Change
Condo Unit Sold DOM Average $
January 2021 8 37 $299,112
January 2022 10 21 $440,590
Units
+25%
Change
Median $
+47.3%
Change
February | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
ARLINGTON Page 12
ARLINGTON
Single family Unit Sold DOM Average $
January 2021 22 27 $1,017,545
January 2022 10 46 $991,000
Units
-54.5%
Change
Average $
-2.6%
Change
Condo Unit Sold DOM Average $
January 2021 15 37 $692,100
January 2022 16 26 $832,900
Units
+6.7%
Change
Average $
+20.3%
Change
Multi-family Unit Sold DOM Average $
January 2021 2 12 $1,125,000
January 2022 5 41 $1,154,600
Units
+150%
Change
Average $
+2.6%
Change
February | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
BEVERLY Page 13
BEVERLY
Single family Unit Sold DOM Average $
January 2021 19 24 $631,532
January 2022 23 18 $641,207
Condo Unit Sold DOM Average $
January 2021 15 24 $371,377
January 2022 6 31 $350,833
Units
+21.1%
Change
Units
-60%
Change
Average $
+1.5%
Change
Average $
-5.5%
Change
Multi-family Unit Sold DOM Average $
January 2021 5 25 $694,200
January 2022 4 18 $725,750
Units
-20%
Change
Average $
+4.5%
Change
February | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
CAMBRIDGE Page 14
Cambridge
Single family Unit Sold DOM Average $
January 2021 5 31 $1,536,800
January 2022 10 32 $2,431,000
Units
+100%
Change
Average $
+58.2%
Change
Condo Unit Sold DOM Average $
January 2021 31 62 $713,755
January 2022 26 55 $1,041,300
Units
-16.1%
Change
Average $
+45.9%
Change
Multi-family Unit Sold DOM Average $
January 2021 7 53 $1,634,286
January 2022 10 26 $1,902,500
Units
+42.9%
Change
Average $
+16.4%
Change
February | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
LEXINGTON Page 15
Lexington
Single family Unit Sold DOM Average $
January 2021 18 50 $1,635,858
January 2022 15 40 $1,700,800
Condo Unit Sold DOM Average $
January 2021 3 29 $694,600
January 2022 4 19 $1,443,750
Units
-16.7%
Change
Units
+33.3%
Change
Average $
+4%
Change
Average $
+108%
Change
February | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
LYNNFIELD Page 16
Lynnfield
Single family Unit Sold DOM Average $
January 2021 8 18 $806,875
January 2022 6 25 $1,242,500
Condo Unit Sold DOM Average $
January 2021 2 47 $736,250
January 2022 1 7 $1,300,000
Units
-25%
Change
Units
-50%
Change
Average $
+54%
Change
Average $
+76.6%
Change
February | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
MEDFORD Page 17
Medford
Single family Unit Sold DOM Average $
January 2021 20 27 $784,000
January 2022 21 28 $817,690
Condo Unit Sold DOM Average $
January 2021 28 55 $577,064
January 2022 24 32 $740,879
Units
+5%
Change
Units
-14.3%
Change
Average $
+4.3%
Change
Average $
+28.4%
Change
Multi-family Unit Sold DOM Average $
January 2021 8 52 $829,000
January 2022 8 24 $995,562
Units
-
Change
Average $
+20.1%
Change
February | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
MELROSE Page 18
Melrose
Single family Unit Sold DOM Average
January 2021 13 28 $777,800
January 2022 5 28 $983,400
Condo Unit Sold DOM Average $
January 2021 11 35 $502,918
January 2022 8 41 $474,011
Units
-61.5%
Change
Units
-27.3%
Change
Average $
+26.4%
Change
Average $
-5.7%
Change
Multi-family Unit Sold DOM Average $
January 2021 2 49 $985,000
January 2022 1 16 $770,000
Units
-50%
Change
Average $
-21.8%
Change
February | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
NEWTON Page 19
Newton
Single family Unit Sold DOM Average $
January 2021 45 47 $1,409,190
January 2022 34 45 $1,944,832
Condo Unit Sold DOM Average $
January 2021 27 87 $882,973
January 2021 21 60 $908,452
Units
-24.4%
Change
Units
-22.2%
Change
Average $
+38%
Change
Average $
+2.9%
Change
Multi-family Unit Sold DOM Average $
January 2021 8 9 $1,018,000
January 2022 2 24 $871,500
Units
-75%
Change
Average $
-14.4%
Change
February | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
PEABODY Page 20
PEABODY
Single family Unit Sold DOM Average $
January 2021 20 19 $572,975
January 2022 19 30 $566,882
Condo Unit Sold DOM Average $
Units
-5%
Change
Average $
-1.1%
Change
January 2021 9 27 $320,722
January 2022 9 18 $401,556
Units
-
Change
Average $
+25.2%
Change
February | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
READING Page 21
Reading
Single family Unit Sold DOM Average $
January 2021 21 28 $629,146
January 2022 14 22 $954,850
Condo Unit Sold DOM Average $
January 2021 9 48 $516,261
January 2022 9 18 $642,711
Units
-33%
Change
Units
-
Change
Average $
+51.8%
Change
Average $
+24.5%
Change
February | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
SAUGUS Page 22
Saugus
Single family Unit Sold DOM Average $
January 2021 23 25 $542,600
January 2022 11 30 $562,409
Condo Unit Sold DOM Average $
January 2021 3 9 $277,000
January 2022 3 10 $467,000
Units
-52.2%
Change
Units
-
Change
Average $
+3.7%
Change
Average $
+68.6%
Change
Multi-family Unit Sold DOM Average $
January 2021 2 23 $670,000
January 2022 3 33 $645,000
Units
+50%
Change
Average $
-3.7%
Change
February | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
SOMERVILLE Page 23
Somerville
Single family Unit Sold DOM Average $
January 2021 9 63 $915,156
January 2022 6 22 $1,052,500
Condo Unit Sold DOM Average $
January 2021 32 55 $728,138
January 2022 31 65 $939,677
Units
-33%
Change
Units
-3.1%
Change
Average $
+15%
Change
Average $
+29.1%
Change
Multi-family Unit Sold DOM Average $
January 2021 18 59 $1,253,472
January 2022 9 34 $1,397,778
Units
-50%
Change
Average $
+11.5%
Change
February | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
STONEHAM Page 24
Stoneham
Single family Unit Sold DOM Average $
January 2021 12 36 $538,158
January 2022 9 22 $787,444
Condo Unit Sold DOM Average $
January 2021 9 33 $412,322
January 2022 8 15 $397,875
Units
-25%
Change
Units
-11.1%
Change
Average $
+46.3%
Change
Average $
-3.5%
Change
February | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
WAKEFIELD Page 25
Wakefield
Single family Unit Sold DOM Average $
January 2021 14 24 $600,121
January 2022 13 40 $812,649
Condo Unit Sold DOM Average $
January 2021 5 37 $438,500
January 2022 4 20 $489,875
Units
-7.1%
Change
Units
-20%
Change
Average $
+35.4%
Change
Average $
+11.7%
Change
Multi-family Unit Sold DOM Average $
January 2021 1 22 $733,400
January 2022 2 22 $907,500
Units
+100%
Change
Average $
+23.7%
Change
February | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
WALTHAM Page 26
Waltham
Single family Unit Sold DOM Average $
January 2021 20 25 $641,905
January 2022 17 54 $842,700
Condo Unit Sold DOM Average $
January 2021 22 37 $485,509
January 2021 13 45 $605,608
Units
-15%
Change
Units
-40.9%
Change
Average $
+31.3%
Change
Average $
+24.7%
Change
Multi-family Unit Sold DOM Average $
January 2021 3 22 $861,300
January 2022 1 54 $890,000
Units
-66%
Change
Average $
+3.3%
Change
February | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
WATERTOWN Page 27
Watertown
Single family Unit Sold DOM Average $
January 2021 1 36 $530,000
January 2022 4 34 $799,525
Units
+300%
Change
Average $
+50.9%
Change
Condo Unit Sold DOM Average $
January 2021 19 39 $584,942
January 2022 19 38 $694,105
Units
-
Change
Average $
+18.7%
Change
Multi-family Unit Sold DOM Average $
January 2021 3 34 $820,393
January 2022 5 15 $905,400
Units
+66%
Average $
+10.4%
Change
Change
February | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
WILMINGTON Page 28
Wilmington
Single family Unit Sold DOM Average $
January 2021 13 27 $596,877
January 2022 13 21 $633,023
Units
-
Change
Average $
+6.1%
Change
Condo Unit Sold DOM Average $
January 2021 1 63 $432,600
January 2022 1 10 $635,000
Units
-
Change
Average $
+46.8%
Change
February | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -
WINCHESTER Page 29
Winchester
Single family Unit Sold DOM Average $
January 2021 12 51 $1,163,083
January 2022 10 33 $1,360,500
Condo Unit Sold DOM Average $
January 2021 2 41 $598,750
January 2022 5 54 $793,000
Units
-16.7%
Change
Units
150%
Change
Average $
+17%
Change
Average $
+32.4%
Change
February | 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
February | 2022 James Lynch | 617 394 8376 WARREN RESIDENTIAl -