Downtown Crossing home prices averaging $1,751 a square foot, report says

The 60-story, 442-unit condo tower at 1 Franklin Street—a.k.a. Millennium Tower—dominates an early August analysis of Downtown Crossing residential listings.

The two-year-old spire’s presence in the neighborhood, in fact, pulls its average asking price to a whopping $1,751 a square foot, placing Downtown Crossing squarely on the level of the likes of Back Bay and Fort Point pricing-wise.

The analysis from real estate research site NeighborhoodX that produces the $1,751 average culled from a range of $871 a square foot to $2,522 a foot (for a three-bedroom in Millennium Tower). See the chart at the bottom for a bigger breakdown.

And take note: “Neighborhood boundaries matter more than people think,” NeighborhoodX research director Constantine Valhouli said over email. “These determine what properties are included or excluded from a data set, so moving the boundaries a street or two over can add or eliminate several key buildings from an analysis.”

• Millennium Tower: The ultimate timeline for Boston’s tallest residential building [Curbed Boston]
• Seaport District prices continue to sail away from rest of Boston [Curbed Boston]