How
Long Does a Property Spend on the Market in Boston?
When browsing
property portals (Rightmove, Zoopla or On The Market), many people wonder why
some Boston homes linger on the market far longer than others. It’s easy to
assume there’s something wrong - an issue with the property, an inflated asking
price, or a lack of interest - but that’s not always the case. Sometimes, it’s
simply down to poor marketing, unrealistic expectations, or even a change in
the seller's circumstances.
If you’re on the
other side of the fence, currently selling a home in Boston, you’ve likely
asked yourself: “Why is this taking so long?” Whether your property seems to be
lingering on the market or you’re struggling to find that dream home, delays
are often a natural byproduct of the property market’s ebbs and flows.
But how long is
too long to wait before something changes?
Let’s face it,
when your home stays unsold longer than expected, frustration sets in. Is it
the market? Is the price too high? Or is there simply less demand for your type
of property? If your home sits at the premium end of the market, delays are par
for the course. Higher value properties have fewer buyers, meaning patience is
a virtue - but even so, the right strategy can make all the difference.
One of the biggest
culprits for a slow sale is overpricing. Even if you’re happy to accept a lower
offer, an unrealistic asking price can stop potential buyers from even booking
a viewing.
First impressions
matter, and buyers compare everything they see online before deciding which
properties are worth their time. The bottom line? If your price doesn’t align
with the market, you’re already at a disadvantage.
The
Latest Market Trends in Boston
The following data
highlights how long properties in Boston have been on the market today compared
to January 2024, offering insight into recent trends. This isn’t about how long
it takes to sell a home but rather the current duration properties have been
listed. These figures can help identify shifts in market activity and buyer
demand over time.
·
Detached homes in Boston - Average time on the
market today is 138 days, compared to 151 days in Jan 2024.
·
Semi-Detached homes in Boston - Average time on the
market today is 128 days, compared to 110 days in Jan 2024.
·
Terraced/Town Houses in Boston - Average time on
the market today is 130 days, compared to 111 days in Jan 2024.
·
Flats/Apartments in Boston - Average time on the
market today is 176 days, compared to 271 days in Jan 2024.
An
Interesting Boston Property Market for Buyers
The overall number
of homes available in Boston (town centre plus 2 miles) has remained roughly
the same over the past year, going from 412 in January 2024 to 398 in January
2025. However, it gets even more interesting when we split it down by property
type.
Here’s the
breakdown:
·
Detached homes in Boston - 144 for sale in January 2025, compared
to 188 - a 23.4% decrease.
·
Semi-Detached homes in Boston - 111 for sale in January 2025,
compared to 95 - a 16.8% increase.
·
Terraced/Town Houses in Boston - 58 for sale in January 2025,
compared to 43 - a 34.9% increase.
·
Flats/Apartments in Boston - 37 for sale in January 2025, compared
to 32 - a 15.6% increase.
·
Others (Mobile Homes/Building Plots etc) in Boston - 48 for sale
in January 2025, compared to 54 - a 11.1% decrease.
The
Importance of Presentation of Your Boston Home
Buyers today have
no shortage of tools to help them browse properties on the portals meaning they
can scroll through hundreds of options in a matter of minutes. The average
buyer views just 4-5 homes before making a decision on which home to buy,
spending barely 25 minutes in each. If your property doesn’t stand out from the
crowd with top quality photos, well designed brochures, and engaging video
tours, it risks being dismissed without a second thought.
It’s not just
about having the right asking price - it’s about making sure your home looks
and feels irresistible online. Buyers need to imagine themselves living there,
and that starts with how your property is presented.
Advice
for Boston Buyers: Be Proactive, Not Reactive
For buyers,
finding the perfect home isn’t just about what’s on the market; it’s about
being one step ahead. Did you know that around 10% of properties never make it
onto the portals? Many buyers miss out on their dream homes simply because
they’re relying solely on online searches. Registering directly with estate
agents can give you an inside track on upcoming properties before they’re
widely advertised.
Beyond that,
patience is key. Finding the right property takes time, especially when you’re
balancing factors like budget, location, schooling, and family needs. Rushing
into a decision often leads to regrets. With so much money at stake, it’s worth
taking a step back and considering every option carefully.
What
Does This Mean for You?
Whether you’re
buying or selling, Boston’s property market continues to offer opportunities - provided
you approach it with the right mindset. For sellers, the message is clear:
price realistically, present professionally, and ensure your home shines in a
crowded market. For buyers, it’s about staying proactive, patient, and ready to
act when the right property comes along.
Ultimately, the Boston
property market rewards those who take a considered, strategic approach.
Whether your goal is to sell quickly or secure that dream home, understanding
the market dynamics can help you achieve the best possible outcome.
Next
week, I’ll talk about exactly how long Boston properties are taking to sell.