4-week rolling average · Data through March 12, 2026 · ZIP 02116
Back Bay is one of Boston's most competitive markets, scoring in the 94th percentile for market temperature with a median days on market of just 7 days. The median sale price of $3,995,000 sits significantly above the median list price of $1,645,000, reflecting the weight of high-end luxury transactions pulling the average upward. At $1,123.98 per square foot, this zip code commands a premium price point that underscores its status as one of the most desirable urban neighborhoods in New England.
| Beds | Sale Price | Rent |
|---|---|---|
| 1BR | $800K | $4K/mo |
| 2BR | $1.75M | $5K/mo |
| 3BR | $4.40M | $6K/mo |
| 4BR | $5.00M | $5K/mo |
| 5BR | — | $8K/mo |
| 8BR | $9.95M | — |
With homes moving in a median of just 7 days and the market sitting in the 94th percentile for competitiveness, sellers in Back Bay are in a strong position to attract serious buyers quickly. The wide range of sale prices by bedroom, from $675,000 for studios up to $9,950,000 for 8-bedroom homes, suggests there is active demand across multiple buyer segments.
Buyers entering the Back Bay market should be prepared to move fast, as the median days on market is only 7 days, leaving little room for hesitation. With a median sale price of $3,995,000 and a price per square foot of $1,123.98, buyers should have financing fully in order before touring properties to remain competitive.
The rental market in Back Bay shows meaningful depth, with 703 rental units in inventory and a median rent of $3,600 per month, providing a baseline for income potential. Rent by bedroom ranges from $2,595 for studios to $8,100 for 5-bedroom units, which may support cash flow analysis for investors targeting larger multi-room properties.
The current 30-year fixed mortgage rate of 6.00% and 15-year rate of 5.43% represent meaningful carrying costs at Back Bay price levels, where even a modest unit can require a jumbo loan. Buyers who can qualify for a 15-year term may find the rate savings of 0.57 percentage points worthwhile over the life of the loan on a high-value purchase.
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Market intelligence by FarmPosts