The average asking price for a market-rate Brookline condo is $657 a square foot right now, according to real estate research site NeighborhoodX. The average for neighboring Newton is $423 a foot.
We compare the two because both Green Line-serviced municipalities are often mentioned in the same breath as sales alternatives to neighboring Boston.
There’s a caveat, though, to analyzing the respective locales’ condo markets.
“It is important to remember that Chestnut Hill is a zip code overlay that spans three municipalities: Boston, Brookline, and Newton,” NeighborhoodX co-founder Constantine Valhouli wrote in an email. “Sections of Chestnut Hill are in different neighborhoods of each of those cities or towns, and prices can vary significantly in the neighborhood.”
That’s why Chestnut Hill prices are at both the top of some pricing charts and on others among the most affordable, on a per-square-foot basis, according to Valhouli.