02116 — Suffolk County, Massachusetts Market Snapshot
Housing market data for zip code 02116 in Suffolk County, Massachusetts. Updated monthly with median prices, days on market, and more.
Market Sales Data
74 sales in 2026 (year to date)
Median Sale Price
$1,625,000
Days to Sell
31
Homes Sold
74
Inventory
140
Sale-to-List
98.0%
New Listings
198
Price/SqFt
$1,375
Pending Sales
99
Jumbo Loan Likely Needed
The median home in 02116 at $1,625,000 exceeds the 2026 conforming loan limit of $962,550 by $662,450. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Market Insights
Market Temperature
02116's market is balanced with homes taking an average of 31 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 02116 sells for 2.0% below asking price (98.0% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
The median home in 02116 at $1,625,000 exceeds the 2026 conforming loan limit of $962,550 by $662,450. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Loan limits in 02116 are set at the county level.
2026 Loan Limits — Suffolk County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $962,550 | $962,550 |
| 2 Units | $1,232,250 | $1,232,250 |
| 3 Units | $1,489,500 | $1,489,500 |
| 4 Units | $1,851,100 | $1,851,100 |
Affordability Snapshot — Zip 02116
To purchase the median home at $1,625,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $12,600.
Monthly Payment
$12,600
Income Required
$540,010
Principal & Interest
$10,013/mo
Down Payment (5%)
$81,250
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 02116.
Estimated Monthly Payment
$10,207
Jumbo loan required. Loan amount exceeds the $962,550 conforming limit for 02116.
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