Market-rate home prices in the Boston area in early October range from $175 a square foot to $3,132 a square foot, according to an analysis from real estate research site NeighborhoodX.
Within that range—to be expected—is a variety of price points and individualized ranges. For instance, prices in Cambridge range from $415 a foot to $1,388. In Quincy, it’s $196 to $1,049.
What’s more, within Boston proper, Back Bay and Beacon Hill appear to be exerting some sort of gravitational force real estate-wise. Here’s NeighborhoodX research director Constantine Valhouli via email:
"Over time, we've been seeing average prices for the neighborhoods surrounding Back Bay and Beacon Hill converge. Now, South End and Fenway-Kenmore-Audubon are priced in line with prime Boston, although this is also driven by new development driving average neighborhood prices higher.”
One final note: The analysis excluded foreclosures and short sales, income-restricted and age-restricted properties, those listed as development sites, and certain anomalous listings, including those with incomplete or contradictory information.
Now, the chart!