Boston condo dollar volume is up 11.9% on nearly flat sales. The market is trading up rather than trading more: 1,867 closings produced about $306 million more in sales than a year ago, and the median price of $1,065,000 is the highest in the 2019–2026 records.

National data echoes the local picture: Douglas Elliman research shows Boston active listings up 16.1% year over year — more than triple the national gain — while only 16.6% of listings took price cuts, below the national share. More choice is arriving, but sellers are largely holding their prices.

Boston Condo Market: Trading Up, Not Trading More

Through October 2, 1,867 Boston condos have closed — just 0.6% more than the 1,855 at this point last year. The average price is $1,546,167 and the median is $1,065,000, up 11.2% and 11.4% from 2025. Both are the highest of any year in the 2019–2026 reports, and the median remains above $1 million.

In the week since the last update, 42 more closings were added to the year-to-date count, bringing in about $78.8 million in additional sales.

The longer view puts the year in context. Sales are about 36% below the 2021 pace of 2,901, yet the median is up 25.3% from $850,000 and the average is up 27.7% from $1,211,079. Dollar volume is 17.8% below 2021 — the market has shifted to higher price points rather than more transactions. Longer-term appreciation remains measured: 5-year appreciation (2021–2026) is 5.5% on average and 5.1% at the median; 10-year appreciation (2016–2026) is 3.4% on average and 3.3% at the median.

Where the Money Is Going: Boston Condo Neighborhoods

Activity is moving toward the downtown core and away from the outer neighborhoods. Mid/Downtown closings are up 43%, the Waterfront 24%, Beacon Hill 22% and the Seaport 19%. The South End is down 14%, South Boston 10% and the North End 31%.

Back Bay remains the dollar leader at $694.2 million. Mid/Downtown dollar volume rose 45% to $384.4 million, consistent with the wave of new-tower closings at Winthrop Center. The Waterfront (+42%) and Beacon Hill (+39%) also posted strong dollar gains. The South End shows how a quieter market can still grow in dollars: closings fell 14%, yet dollar volume rose 3.9% because the average sale climbed from about $1.20 million to $1.44 million.

(A) Bay Village has been grouped into the South End total by LINKboston.com. (B) Mid/Down = Midtown, Chinatown, Financial, Theatre & Leather Districts.

The Price Tiers Tell the Same Story

Sales at $1 million and above are 53.6% of all closings — the highest share in these reports, up from 47.2% last year. Closings at $1 million or more rose from 876 to 1,001, and $3 million to $9.99 million sales jumped from 118 to 170. Meanwhile, closings under $1 million fell from 979 to 866, and sub-$500,000 sales dropped by nearly a third, from 155 to 107.

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Luxury and New Development

Across all Boston condos, closings at $1,000 per square foot or higher rose from 959 to 1,107 — 59% of all closings, up from 52%. In the selected full-service buildings tracked in the report, 203 of 242 resales (84%) closed at $1,000 per square foot or more, 175 (72%) at $1 million or more, and 97 (40%) at $2 million or more.

The year’s largest reported resale is a two-unit combination at Heritage (1005/1006) that closed August 28 for $21.5 million, about $4,323 per square foot. A 50 Liberty Wharf penthouse sold for $14.5 million in January, and two One Dalton units closed at $14 million each. Among new construction, a Raffles Boston penthouse sold for $14.25 million in August and a Ritz-Carlton Residences South Station unit for $14.1 million in March.

New development (2026 closings)	Closings	Avg. price per sq. ft.	Dollar volume	Share sold
Ritz-Carlton Residences South Station	39	$2,252	$110.4M	24%
Winthrop Center	28	$2,071	$90.2M	46%
Raffles Boston	7	$3,269	$30.5M	86%
St. Regis	9	$1,736	$25.2M	63%
The Archer	6	$1,422	$21.6M	98%
The Sudbury	4	$1,720	$15.1M	76%
The Parker	13	$1,128	$11.0M	76%

This week’s report added 14 closings dated September 28 through October 2 in the tracked buildings, totaling about $38.7 million — including a $6.1 million sale at Heritage (about $2,514 per square foot), $4.65 million at The Archer and $4.6 million at Rowes Wharf.

Inventory and Supply

Supply remains tight: Boston condos carry about 3.1 months of inventory on an MLS basis, well under the 5 to 6 months generally considered a seller’s-market threshold, and down from 3.3 months a year earlier.

On the full-service side, 149 resales are on the market across the tracked luxury buildings (about 4% of their 3,668 units), with an average asking price of $3,613,421 and a median of $2,395,000. Echelon (29 listings), Millennium Tower (16) and Rowes Wharf (12) have the most units for sale. The largest listing is the Grand Penthouse at the St. Regis, offered at $44.5 million.

Asking prices are what sellers hope for; closings are what buyers pay. At One Dalton, the ten resales currently listed ask between $2,594 and $5,081 per square foot, against a year-to-date closed average of $2,921.

What These Numbers Mean for Your Property

For buyers

Boston condos under $1 million are the tightest segment: closings below that line fell from 979 to 866 this year, so expect competition for well-priced units. In luxury buildings, the gap between asking and closed price per square foot is your negotiating guide — at One Dalton, asks run from $2,594 to $5,081 against a $2,921 closed average, so ask for the building’s year-to-date closings before making an offer.

For sellers

With Boston condo supply near 3 months, correctly priced homes are being absorbed — pricing above the recent closed range is the main way to lose time. Top-tier sellers have the best year-over-year tailwind: Boston sales between $3 million and $10 million are up 44%. Building matters more than neighborhood at the high end: use closings from your own building, not a citywide figure.

For trustees, executors and family fiduciaries

Use medians, price per square foot and same-building closings when documenting value. New-development closings can push averages up, and the spread between Boston buildings runs from about $900 to about $2,900 per square foot — a single average obscures more than it reveals. Valuation dates matter: Boston’s average condo price moved 11.2% in a single year.

Frequently Asked Questions

What was Boston’s median condo price in October 2026?

$1,065,000 — up 11.4% from 2025 and the highest in the 2019–2026 records. The average price was $1,546,167, up 11.2%.

Is Boston a buyer’s or seller’s market right now?

Still a seller’s market by the supply yardstick: Boston condos carry about 3.1 months of inventory — below the roughly 6 months considered balanced. But buyers have more breathing room than last year: Boston active listings were up 16.1% year over year in September (Douglas Elliman research).

How did Boston’s luxury condo market perform in 2026?

101 closings hit $2,000 per square foot or more, up from 76 in 2025. The top resale was a $21.5 million two-unit combination at Heritage ($4,323 per square foot). New-development closings were led by the Ritz-Carlton Residences South Station ($110.4M) and Winthrop Center ($90.2M).

Where are Boston condo sales growing fastest?

Mid/Downtown closings are up 43%, the Waterfront 24%, Beacon Hill 22% and the Seaport 19% — the downtown core is leading while the South End, South Boston and North End cool.

Sources and Methodology

Boston condominium figures are MLS closed sales reported through October 2, 2026, covering Back Bay, Bay Village, Beacon Hill, Chinatown, Charlestown/Navy Yard, Fenway, Financial District, Leather District, Midtown, North End, Seaport, South Boston, South End, West End, & Waterfront. Source: LINK. LINK data is used. Will be revised when cross referenced with Registry for sales not in LINK system. Only includes closed sales. Percentage changes are calculated from the reported figures. Inventory and price-cut figures from Douglas Elliman research. Chart notes — Source: LINK “Citywide” Quarterly Reports. Q1 monthly inventory count based on the previous years total transactions. Disclaimer: Data is taken from sources deemed reliable but is subject to errors and omissions. ©2020 All rights reserved

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