What we are seeing in the Boston housing market as 2019 gets underway.

Boston housing market as 2019 gets underway

According to an analysis from real estate research site NeighborhoodX, average asking prices for market-rate homes at the more expensive end of the Boston market (Back Bay, Beacon Hill, and other parts of downtown) heading into 2019 converge at around $1,200 to $1,300 a square foot. The same is the case in less expensive areas such as Mattapan, Roxbury, and Hyde Park, although, 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.

NeighborhoodX broke down both range and price per-square-foot to offer a different lens through which to analyze the market. At the lower end, this gives a sense of where (or whether) bargains can 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.

Check out the graph below to see a portion of the average consolidated neighborhood prices. Click here to review NeighborhoodX interactive breakdown of the full average, high and low prices per neighborhood.

Boston Average Consolidated Neighborhood Prices

Joe Schutt

Committed to representing your interests with the highest level of integrity, I am dedicated to service excellence focused on personal attention and building a solid trust relationship. I listen carefully and make my clients feel comfortable in exploring their full range of real estate options and then encourage them to relax and rely on my expertise to insure that the details run smoothly and efficiently. Google+

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