Sell Your Underwater House in Boston, MA
When your mortgage balance exceeds your home's value in Boston, you are not stuck. EasyOffer helps underwater homeowners find a path forward — whether that is a short sale, lender negotiation, or other creative solution.
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Market Snapshot: Boston, MA
Latest available data from public sources. Updated .
Median Home Value
$731,700
Census ACS 2024
Zillow Home Value Index
$772,838
-0.1% YoY
Zillow ZHVI
Median Sale Price
$790,000
Redfin
Days on Market
38 days
Redfin
Population
653,833
-0.3% since 2020
U.S. Census
Median Household Income
$97,344
Census ACS 2024
Sale-to-List Ratio
98.1%
Redfin
Active Inventory
94 homes
Redfin
Owner-Occupied
35.7%
Census ACS 2024
Price per Sq Ft
$471/sqft
Redfin
Recent Sales
45 homes
Redfin
Unemployment Rate
6.1%
BLS
Property Tax
$4,456/yr
Census ACS 2024
Median Age
33.3 years
Census ACS 2024
Poverty Rate
16.6%
Census ACS 2024
Avg. Commute
30 min
Census ACS 2024
| Metric | Value | Change | Source |
|---|---|---|---|
| Median Home Value | $731,700 | — | Census ACS 2024 |
| Zillow Home Value Index | $772,838 | -0.1% YoY | Zillow ZHVI |
| Median Sale Price | $790,000 | — | Redfin |
| Days on Market | 38 days | — | Redfin |
| Population | 653,833 | -0.3% since 2020 | U.S. Census |
| Median Household Income | $97,344 | — | Census ACS 2024 |
| Sale-to-List Ratio | 98.1% | — | Redfin |
| Active Inventory | 94 homes | — | Redfin |
| Owner-Occupied | 35.7% | — | Census ACS 2024 |
| Price per Sq Ft | $471/sqft | — | Redfin |
| Recent Sales | 45 homes | — | Redfin |
| Unemployment Rate | 6.1% | — | BLS |
| Property Tax | $4,456/yr | — | Census ACS 2024 |
| Median Age | 33.3 years | — | Census ACS 2024 |
| Poverty Rate | 16.6% | — | Census ACS 2024 |
| Avg. Commute | 30 min | — | Census ACS 2024 |
Why Homeowners in Boston Choose EasyOffer
Boston's median home value is $772,838 (Zillow, 2026), down 0.1% year-over-year. With 653,833 residents declining 0.3% since 2020. homes here sell in a median of 38 days with a 98.1% sale-to-list ratio. Boston has unemployment at 6.1% (BLS), a poverty rate of 16.6%, median property taxes of $4,456/year (Census ACS). the median resident age is 33.3 years.
Negative equity in Boston can happen when home values decline, you bought at the peak, or you took out a second mortgage. Whatever the cause, being underwater makes it feel impossible to move. EasyOffer specializes in navigating these situations, negotiating with lenders to release the excess debt so you can sell and start fresh.
Boston is one of the most supply-constrained and expensive housing markets in the United States, with median home prices exceeding $700K in the city proper and $600K+ metro-wide; the life sciences and university ecosystems create extraordinarily durable housing demand that has largely insulated the market from national downturns. Investors are drawn primarily to Dorchester and Mattapan multi-family properties where renter demand is perpetual, though tight zoning, high acquisition costs, and rent stabilization discussions in 2024 create headwinds. Motivated sellers in probate-heavy triple-decker situations represent the clearest wholesale opportunity.
We also serve property owners in nearby Beacon Hill, VA Boston Healthcare System, Brockton Campus, East Cambridge, and throughout Massachusetts.
Serving Boston and Surrounding Areas
Neighborhoods We Serve
Back Bay
Boston's most prestigious residential neighborhood, defined by 19th-century brownstones and high-rise condos where prices routinely exceed $1.5M–$3M+; home to old-money families, executives, and international buyers.
South End
A Victorian row house district turned LGBTQ+ cultural anchor and culinary hotspot where brownstone condos average $800K–$1.4M; attracts young professionals and empty nesters prizing walkability.
Jamaica Plain
A diverse, progressive neighborhood with Victorian triple-deckers and single-families ranging from $600K–$950K; popular with young families, academics, and long-term Boston residents seeking community character.
Dorchester
Boston's largest and most diverse neighborhood with a wide price range ($350K–$700K for triple-deckers); a prime investor target due to multi-family density and proximity to MBTA Red Line stops.
East Boston
A historically working-class immigrant neighborhood transformed by waterfront development and Logan Airport proximity, where condos and triple-deckers now sell for $450K–$750K amid rapid gentrification.
Charlestown
A tight-knit, historic neighborhood of Federal-style rowhouses and converted mill buildings averaging $800K–$1.2M; favored by young families attracted to its village feel and proximity to the Navy Yard.
Notable Landmarks
Fenway Park · Freedom Trail (16 historic sites) · Harvard University and MIT campuses (Cambridge) · Boston Common and Public Garden · New England Aquarium · USS Constitution (Old Ironsides) in Charlestown
Major Employers
Massachusetts General Hospital / Mass General Brigham — one of the world's top academic medical systems and Boston's largest private employer with over 80,000 employees. · Harvard University — the world's wealthiest university, employing tens of thousands and anchoring the Cambridge-Boston innovation corridor. · Fidelity Investments — HQ in downtown Boston; one of the largest mutual fund companies globally and a major financial sector employer. · Raytheon Technologies (RTX) — large defense/aerospace presence in the Greater Boston area with significant R&D employment. · Boston Scientific — Fortune 500 medical device company with major operations in Marlborough, MA. · Vertex Pharmaceuticals — cutting-edge biotech company HQ'd in the Seaport District, emblematic of Boston's life sciences dominance.
Top Schools
Natural Hazard Awareness
Boston faces growing coastal flood and storm surge risk from nor'easters and hurricanes as sea levels rise — parts of the Seaport District and East Boston sit at low elevations vulnerable to flooding; nor'easters also bring significant ice and snow accumulation that can damage older structures.
How It Works
Here is how underwater homeowners in Boston find a path forward with EasyOffer:
Tell Us About Your Property
Enter your address and contact info. Takes 30 seconds.
Get Your Cash Offer
We analyze your Boston property and send a fair, no-obligation offer.
Close and Get Paid
Pick your closing date. We handle paperwork and pay all closing costs.
Tell Us About Your Property
Enter your address and contact info. Takes 30 seconds.
Get Your Cash Offer
We analyze your Boston property and send a fair, no-obligation offer.
Close and Get Paid
Pick your closing date. We handle paperwork and pay all closing costs.
Frequently Asked Questions
What does it mean to be underwater on a mortgage?
Being underwater means you owe more on your mortgage than the property is currently worth. For example, if you owe $250,000 but the home is worth $200,000, you have $50,000 in negative equity.
Can I sell my house if I owe more than it is worth in Boston?
Yes, through a short sale. Your lender agrees to accept less than the full mortgage balance. EasyOffer handles all lender negotiations to get the short sale approved.
Will I owe the difference if I sell an underwater house?
In many cases, the lender waives the remaining balance (called the deficiency). We negotiate for a full release of the deficiency so you do not carry the debt after selling.
How do I know if my Boston house is underwater?
Compare your current mortgage balance (from your most recent statement) to your home's estimated market value. If the balance is higher, you are underwater. We provide a free evaluation to help you assess your situation.
Is it better to wait for values to recover or sell now?
This depends on your financial situation. If you can afford the payments and want to wait, that is an option. But if the payments are straining your budget, selling now prevents further financial damage.
What are the tax implications of selling an underwater home?
Forgiven debt may be considered taxable income by the IRS, but there are exceptions including the Mortgage Forgiveness Debt Relief Act. Consult a tax professional for your specific situation.
What Our Sellers Say
“My mom passed and I inherited her place in Antioch. It needed a ton of work and I live out of state so I couldn't deal with contractors or showings. They came out, looked at it, and had a number for me the next day. We closed in 9 days. The whole thing was so much easier than I expected.”
Inherited Property
“Honestly I was skeptical at first because I'd heard horror stories about cash buyers lowballing people. But they explained exactly how they came up with the number and it was fair. We were behind on payments and they got everything done in a week. No last-minute changes, no surprises at closing.”
Avoided Foreclosure
“My husband got transferred to Dallas and we had about three weeks to figure out the house. A friend told us about EasyOffer. They gave us a cash offer that same afternoon and worked around our move date. We closed 11 days later without having to do a single showing or open house.”
Job Relocation