Thorough breakdown of real estate data trends, their causes and their implications. Get insights into some of the nations hottest real estate markets so you can make informed decisions for real estate investing.
Best Neighborhoods To Buy Single Family Homes in Boston
Posted 10-15-2021 at 03:16 PM by zachparker7
Updated 01-03-2022 at 01:28 PM by zachparker7 (Updated link)
Updated 01-03-2022 at 01:28 PM by zachparker7 (Updated link)
Finding a decent house in Boston for a good price is getting harder by the year. It’s no secret that there are a shortage of single family homes in Beantown, and prices have been on the rise for over a decade. In the last year there have been 1,100 single family home sales in Boston, which equates to about 3 per day. That isn’t much for a city of 700,000 residents. At the moment, there are only 129 listings of single family homes for sale in Boston, and 161 Boston multi family homes for sale.
So, if your looking to purchase a house in Boston Proper, either for your family or as an investment, expect to have few options to pick from. So that leaves the most important question: where are the best places to purchase a home in Boston?
Depending on what your looking for, we’ll try to tackle that loaded question.
Most Affordable Neighborhoods to Buy a Boston Home By Median Sales Price
For single family homes, Mattapan, Hyde Park, Roxbury, East Boston, and Dorchester have the lowest median single family home price in Boston.
- Dorchester - $687,471
- East Boston - $640,051
- Roxbury - $600,879
- Hyde Park - $584,975
- Mattapan - $546,806
Most Affordable Neighborhoods to Buy a Boston Home By Price per Square Foot
If you’re looking to go by price per square foot, you'd be looking at a similar list. At the moment, Hyde Park, Mattapan, Roxbury, Dorchester, West Roxbury, and Roslindale hold the most affordable price per square foot in Boston over the past year.
- Hyde Park - $359/sq. ft.
- Mattapan - $378/sq. ft.
- Roxbury - $392/sq. ft.
- Dorchester - $420/sq. ft.
- West Roxbury - $436/sq. ft.
- Roslindale - $439/sq. ft.
Neighborhoods With The Most For Sale Listings
There are a few neighborhoods where you’ll find a bigger inventory of single family homes for sale than others. South Boston and Dorchester are housing markets that are loaded with single family homes for sale. East Boston, Jamaica Plain, and South End are also on the list. There are currently 75+ listings for sale in all of the aforementioned neighborhoods in Boston according to MLS, and all have seen 500+ sales in the past 365 days.
Total Comments 0
