Are you a current or aspiring landlord in Massachusetts? No matter the years you have in the rental business, fully understanding your local market is one the most important things you can do to ensure your long-term success. Receiving regular market updates will help you determine when’s it time to buy and when it’s time to sell. It will also allow you to see what your units rent for in comparison to your neighbors. Should you be increasing your rents?
Here are Quincy’s multifamily sales and rental market statistics for the last 6 months.
Total Multi-Family Listings SOLD: 66
Average Living Area by Square Feet: 2,543.61
Average Listing Price: $526,589
Average DOM (Days on Market): 53.89
Average Sales Price: $516,286
Average Rent for 1 Bedroom Units: $1,358
Average Rent for 2 Bedroom Units: $1,737
Average Rent for 3 Bedroom Units: $2,330
Average Rent for 4 Bedroom Units: $2,265
Want to get a FREE Sales and Rental Market Report for your specific area(s)? Just send a quick email (or complete the contact form below) to Contact@MandrellCo.com to receive your monthly report. In the title put the words “FREE Boston Sales Statistics” and in the body, add the up to 3 areas you’d like to receive data for. Your name and email will be added to the next monthly reporting cycle. It’s that simple to stay up to date and ahead of the curve!
Please call us directly at 617-297-8641, for custom reports or questions above the data provided.