Allston Housing Market Update: Prices Jump, Inventory Stays Tight
Allston, MA – March 15, 2026 – Home prices climbed year-over-year as inventory remains limited and rental rates hold steady.
Top takeaways
- Median sale price reached $739K in February, up 29.1% year-over-year.
- Homes are selling in about 31 days on average, faster than last year.
- Typical home value is about $798K, reflecting modest annual gains.
- Average rents are just over $3,000 and relatively flat from a year ago.
Market snapshot
The Allston housing market remains competitive heading into the spring season. In February 2026, the median sale price climbed to $739,000, marking a 29.1% increase compared with the same time last year. A total of 17 homes sold during the month, underscoring limited turnover and continued buyer interest.
Homes are moving faster than they were a year ago. Properties are spending about 31 days on the market on average, and sale-to-list price ratios are hovering near 98%, suggesting sellers are still achieving close to their asking prices. While affordability remains a broader concern across Greater Boston, tight supply in this neighborhood continues to support price growth.
According to Zillow’s Home Value Index, the typical home value stands at $797,618 through January, up 6.2% year-over-year. Inventory remains constrained, with roughly three dozen homes listed at the end of January. That limited selection is helping sustain competition, particularly for well-located or updated properties.
What’s for sale
Buyers will find a range of options, though choices remain relatively narrow. Current listings include:
- One- and two-bedroom condos priced from the mid-$600Ks to the high-$800Ks.
- Three-bedroom units and townhomes around $1.1M to $1.2M.
- Larger multifamily properties exceeding $1.3M.
Lower Allston has experienced even stronger recent price growth, with median sales reported above $900K. Multifamily properties and larger residences continue to attract attention from both owner-occupants and investors.
Rental trends
The rental market remains active as the neighborhood approaches the late-summer leasing cycle. Average rents are approximately $3,062, roughly flat compared with a year earlier. Steady pricing suggests relative balance for now, though activity typically picks up in late spring as students and new residents begin securing housing for the fall.
With limited inventory on the for-sale side and consistent demand for rentals, Allston continues to reflect tight market conditions heading into the busier months.