4-week rolling average · Data through March 12, 2026 · ZIP 02116
Back Bay (02116) presents a notable contrast between a median list price of $1,575,000 and a median sale price of $3,995,000, reflecting how luxury transactions pull the overall sale figure well above the typical asking price. At $1,398.57 per square foot and a median of 59 days on market, the competition score of 48 signals balanced conditions where neither buyers nor sellers hold a dominant edge. With 216 active listings spanning studios priced at $629,000 to 8-bedroom homes at $9,950,000, the market offers a wide spectrum of entry points.
| Beds | Sale Price | Rent |
|---|---|---|
| 1BR | $799K | $3K/mo |
| 2BR | $1.65M | $5K/mo |
| 3BR | $3.69M | $6K/mo |
| 4BR | $4.89M | $8K/mo |
| 5BR | $7.25M | $10K/mo |
| 6BR | $6.50M | — |
| 8BR | $9.95M | — |
Back Bay sellers are operating in a balanced market where a competition score of 48 and a median days on market of 59 days suggest buyers are being deliberate and methodical in their decisions. Pricing carefully relative to the median list price of $1,575,000 will be essential, as the wide spread between list and sale prices reflects the diversity of product types rather than a universal expectation of above-ask outcomes.
Buyers in Back Bay have 216 active listings to evaluate and a median days on market of 59 days, providing more time to make considered decisions than many competitive urban markets allow. Sale prices by bedroom range from $629,000 for studios to $9,950,000 for 8-bedroom homes, so identifying your target segment early will help focus the search and set realistic expectations.
Back Bay supports a rental inventory of 979 units with a median rent of $3,500 per month, offering a concrete income baseline to weigh against acquisition costs at current price levels. Rents by bedroom climb from $2,600 for studios to $9,700 for 5-bedroom units, and the 3 to 5 bedroom range may present the strongest income potential relative to tenant demand in this market.
The current 30-year fixed mortgage rate of 6.37% and the 15-year fixed rate of 5.72% carry significant financial weight in a market where most transactions will require jumbo financing. The 0.65 percentage point difference between the two rates could produce meaningful interest savings over the life of a loan at Back Bay price levels for buyers who can manage the higher monthly payment of a 15-year term.
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Market intelligence by FarmPosts