Boston condos for sale
What’s Boston’s priciest neighborhood?
What’s Boston’s priciest neighborhood? Boston’s real estate market certainly saw its share of challenges through the pandemic. Increased homebuyer demand and limited inventory continue to drive prices to record highs throughout the Bay State, and the Boston area is no exception.
PropertyShark analyzed and ranked Boston’s priciest neighborhoods, looking at how the residential market performed from Jan. 1 to June 30. That report found what has been an ongoing discussion — the median sale price of a Boston home has reached an all-time high.
In the first six months of 2021, the median price of a home reached $665,000, a trend the report notes is more evident when you look at quarterly numbers. In the second quarter of 2021, the median sales price of a home in Boston was $682,000.
The median home price increased up to 19% in 12 of the 21 Boston neighborhoods. Eight neighborhoods saw a decrease by as much as 35%.
Three Boston neighborhoods had median sales prices of more than $1 million.
Boston condo prices
Boston’s Downtown-Financial District is the No. 1 most expensive neighborhood in Beantown with a median sales price of $1.25 million, surpassing both Back Bay and Bay Village, which ranked second and third with median sales prices of $1.15 million and $1.14 million, respectively.
Both areas saw a drop in ranking despite historically being the more expensive spots in the city.
With a median sale price of $1.763 million, Bay Village was Boston’s priciest neighborhood in the first half of 2020, followed by Back Bay at $1.476 million, according to the report.
The report attributed the year-over-year change to a shift in homebuyers preferring smaller homes so far this year compared to last. The average square footage of sold properties dropped by 18% in Bay Village and 16% in Back Bay.
A Brokers Boston Real Estate Thoughts
Where is the Boston Seaport District condo pricing on this study? I would find it hard to believe that Boston’s Bay Village is more expensive than the Boston Seaport to purchase a condominium
Boston Condos for Sale FAQ
What are the top three most expensive Boston neighborhoods?
Boston’s Downtown-Financial District is the No. 1 followed by Back Bay and bay Village
What is the Median price for a Back Bay condo?
The median price for a Boston Back Bay condo is $1.476 million.
How has the Boston real estate, buyers’ buying habits changed from last year?
The report attributed the year-over-year change to a shift in homebuyers preferring smaller homes so far this year compared to last.
What is the median sales price for a Boston condo in the first half of 2021?
the median sales price of a home in Boston was $682,000.
The median home price increased up to 19% in 12 of the 21 Boston neighborhoods.
