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Beacon Hill home prices: Expensive, but nothing on Back Bay and the Seaport

Condos in those neighborhoods driving higher costs

Albert Pego/Shutterstock

To absolutely no one’s surprise, Beacon Hill this spring is one of the most expensive neighborhoods in Boston in terms of buying a home. A new analysis of market-rate listings from NeighborhoodX pegs the average asking at $1,232 a square foot.

If there is any silver lining for Beacon Hill home hunters, then it’s that the neighborhood is not as expensive as the likes of neighboring Back Bay and the Seaport District. The price per foot in the Seaport is $1,673, and in Back Bay it’s $1,413. Why’s that?

“While Beacon Hill is one of the most expensive neighborhoods on a per-square-foot basis, it falls behind Back Bay and the Seaport because of the higher proportion of condo development in the former and the almost entire market of new-condo development in the latter,” NeighborhoodX research director Constantine Valhouli said over email.