Average asking prices for market-rate homes at the more expensive end of the Boston market heading into 2019 converge at around $1,200 to $1,300 a square foot, according to an analysis from real estate research site NeighborhoodX.
That is, the average prices in the likes of Back Bay, Beacon Hill, and other parts of downtown start to meet in that window. The same is the case in less expensive areas such as Mattapan, Roxbury, and Hyde Park—though, there, the convergence is around $300 a foot.
Overall prices at the end of December ranged from a low of $159 a square foot in Mattapan to a high $3,857 a foot in Back Bay.
As for the analysis itself, NeighborhoodX broke down both range and per-square-foot price for a reason. “Each approach offers a different lens through which to analyze the market,” Constantine Valhouli, NeighborhoodX’s research director, said over email. “At the lower end, this gives a sense of where (or whether) bargains can still be found, or what the entry level price might be. At the upper end—especially with emerging neighborhoods—it gives a sense of where the neighborhood may be heading.”
An interactive breakdown is below. What are you seeing in the Boston housing market as 2019 gets underway?