The current average asking price for a home in Winthrop is $267 a square foot, while the average for one in East Boston just over the Boston-Winthrop city line is $433 a foot, according to an analysis from real estate research site NeighborhoodX.
“Our analysis focused on market-rate properties, and it excluded foreclosures and short sales, affordable housing, properties positioned as development sites, and certain listings with incomplete or contradictory information,” said NeighborhoodX co-founder Constantine Valhouli.
The difference in the price range of the two areas is fairly stark as well. In Winthrop, an independent town of 17,500 souls (give or take), average asking prices range from $170 to $459.
In Eastie, a neighborhood in Boston with roughly 40,500 residents, homes range from $264 to $649.
One more caveat re: the data per Valhouli: The owner of the most expensive property in Winthrop, a 3-BR, 2-BA house at 251 Court Street, listed it last year for $1.685M (or $880/foot), and the year before for $1.895M ($990/foot); and then re-listed it with a significant price reduction at $975,000 ($502/foot).