Asking prices for market-rate properties in the Boston area at the start of May range from $154 a square foot in Mattapan to $3,857 a square foot in Back Bay, according to an analysis from real estate research site NeighborhoodX.
There are a few general takeaways from the analysis:
- The high ends in some neighborhoods are really high end now: The priciest properties listed in the Seaport District, Back Bay, and Beacon Hill are retailing for more than $3,000 a square foot—a not-unheard-of sum in the region, but one still very rare.
- There are eight neighborhoods where askings average more than $1,000 a foot.
- While recently Silver Line-d Chelsea remains one of the region’s most affordable markets, its high end is now more expensive than the more established Uphams Corner in Dorchester.” “This suggests a strongly positive direction for Chelsea overall, driven by new construction,” NeighborhoodX research director Constantine Valhouli said over email.
- The most affordable neighborhood in Boston is Dorchester’s Codman Square with an average asking price of $235 a square foot.
- Also on the more affordable end of the regional spectrum, the pricing gap between Mattapan and Hyde Park is closing.
Run your cursor over the interactive chart below for more.
- Silver Line service to and from Chelsea launching April 21 [Curbed Boston]