Market-rate homes now ask more than $1,000 a square foot on average in Back Bay, Beacon Hill, Fenway, Kenmore, the Seaport District, the South End, the Theater District, and the Financial District, according to an analysis from real estate research site NeighborhoodX.
That asking prices in Back Bay, Beacon Hill, and the Seaport are averaging $1,000/foot-plus should not be all that surprising. But that this is the case now in Fenway-Kenmore and swathes of downtown well beyond Back Bay should jar a bit.
Just below the thousand-a-foot club is one where the average is between $700 and $999. That includes the North End, Waterfront, Fort Point, Harvard Square, Cambridge, South Boston, the Leather District, Brighton, and Charlestown.
The overall price range for market-rate properties in the Boston region ranged from $150 a square foot to $3,857 a square foot, according to the NeighborhoodX analysis, which was conducted during the first week of February and which breaks out sections of Dorchester rather than treating Boston’s largest neighborhood monolithic-like.
“This is perhaps our most comprehensive analysis ever for Boston—as they might say in my hometown, it’s wicked granular,” NeighborhoodX research director Constantine Valhouli said over email.
Feast on the chart below.
- A local’s guide to Dorchester, Boston’s largest neighborhood [Curbed Boston]