The 02115 ZIP code — encompassing part of the city’s Back Bay neighborhood — ranks as the nation’s most expensive in terms of median home price per square foot, according to Realtor.com data reported by the Journal.

The median price per square foot for a home in the ZIP code last month was $2,663. The neighborhood has some local factors skewing it toward the top of the price charts. 

One is that there’s not an overwhelming amount of inventory, as the ZIP code is home to various hospitals, educational institutions, museums and student housing. Last month, there were only 27 active listings in 02115, down 32.5 percent year-over-year.

Second, there’s a 61-story luxury tower that dominates the residential landscape of the ZIP Code. Carpenter & Company developed One Dalton, which has a Four Seasons hotel with 158 private residences. Sales in the building can exceed $4,000 per square foot, skewing the neighborhood’s median price point.

A 7,500-square-foot unit in the building is on the market for $35 million, the most expensive listing in the 02115. While the property is helping to raise the median price per square foot of the area, local agent  Brian Caluori of Gibson Sotheby’s International Realty told the Journal the large brownstones and single-family residences in the area are also being bought and gutted.

“If something is in good condition, you’ll see bidding wars and the property going over asking,” Caluori said.

The median list price in 02115 was approximately $4 million last month, a jump of 37.2 percent year-over-year. Homes spend a median of 117 days on the market, according to Realtor.com.

Top 5 Star Downtown Boston Neighborhoods

Boston condos for sale

It’s time to take a look at which Portland neighborhoods are up-and-coming in 2019! They couldn’t be more different, but these Portland communities are similar in that they are changing rapidly. Like the city as a whole, they’re adding new residents and working hard to integrate past, present, and future. Whether you’re looking for a new condo in a hip district or a nice older home in a quiet neighborhood, Portland has something for you.

1. Boston Seaport District: Rising from the pavement

Located in downtown Boston near the Boston Harbor is the Boston Seaport District, this former industrial area made headlines in the last few years for its rapid transformation. Real estate that was once the site of Anthonys Pier restaurant and parking lots sprouted Boston High rise condos. A recent story in Boston newspaper describes the development as “street-level humanity amid a rising Boston downtown skyline”. Those seeking to buy a Boston condo for sale in this neighborhood in 2019 may need to be patient: Condos are still being built, but those that exist now are pricey. On the other hand, if you can afford it, this downtown Boston newest greatest place to be.

2. Boston Midtown: Deliciously Diverse

Boston Midtown like the Boston Seaport District is growing at a raped pace and more importantly bring in a diversity. In fact, Boston Midtown is one of the most diverse places in downtown Boston. And while the neighborhood has made foodie lists for being the place in downtown Boston to go for ethnic food, it is also one of the city’s last strongholds against gentrification. Boston leadership would like to keep it that way, and has for years been earmarking funds to support local businesses. Although real estate values could rise in this neighborhood in 2019, with Boston condo prices often exceed the $2M mark. Boston welcomes its transformation form the old “Combat Zone” days.

3. Beacon Hill: Have it all

Beacon Hill is Walkable as well as convenient by car and transit to the rest of the city, this Boston neighborhood is known for active neighbors. Beacon Hill has a wide range of individuals from Suffolk Students, young families and singles