The busy, busy Seaport District is the most expensive housing market in the Boston area at the start of May, with an average asking price of $1,433 per square foot, according to an analysis of market-rate listings from real estate research site NeighborhoodX.
The Seaport is followed by Back Bay with an average of $1,410 and Beacon Hill with an average of $1,205.
Below are the ranges of prices in various neighborhoods—just about every major enclave in the city, plus parts of Cambridge and Somerville.
Why is the Seaport so particularly expensive? According to NeighborhoodX co-founder Constantine Valhouli, it’s “in large part because all of the properties for sale are new development condos.”
The same dynamic is at play in Somerville's Assembly Square, he points out. That rapidly developing area is pricier than the more diverse market of Cambridge's Harvard Square, for instance.
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