In several neighborhoods, the average price is under $400; in several more, it’s $1,000 and way up
There were at least nine Boston neighborhoods where the average asking price for market-rate homes was under $400 a square foot as of August 1 and at least nine where it was more than $1,000 a square foot.
That is according to an analysis of market-rate listings from real estate research site NeighborhoodX. The analysis showed a city of extremes when it comes to housing prices, with neighborhoods closer to downtown far, far outpacing those farther out.
In the past, the differences might have been more incremental, but the Boston housing market heading into August shows the gap in pricing has widened. Part of that is new condo development. The other is simple scarcity of supply amid perennial demand.
The city’s overall average asking was $587 a foot as of August. But a range of $162 to $3,857(!) produced that. Allston and Brighton came the closest to matching the city’s overall average with averages of $574 and $557, respectively.
Then there were enclaves such as the Seaport District, Fort Point, Back Bay, Beacon Hill, Fenway/Kenmore, the South End, and Bay Village, where that average tipped comfortably over $1,000 a foot.
The nine coming in at under $400 on average included Mattapan, Roslindale, Hyde Park, Roxbury, and various parts of Dorchester, including Codman Square and Ashmont.
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- Major Boston development: 9 projects transforming the city [Curbed Boston]