The average asking price for a Back Bay home as of the end of November was $1,287 a square foot, according to an analysis of market-rate listings from real estate research site NeighborhoodX.
The site culled that average from a wide range of tags in the tony neighborhood: From $827 a square foot for a 707-square-foot studio at 255 Commonwealth Avenue to $3,857 a foot for a three-bedroom spread in the Mandarin Oriental at 776 Boylston Street.
Such a range is important to consider when accessing an area’s prices, per NeighborhoodX research director Constantine Valhouli.
“Specifically, a price range gives a sense of the bargains that may still exist in established neighborhoods, but which may be obscured by the average figure,” he said over email. “And these ranges also give a sense of the upper end of pricing in emerging neighborhoods.”
See below for a breakdown of the range that resulted in that beefy average.