real estate

What the median home price buys in Boston

Real Estate » 10 Cities » Median Home Price Buys In Boston

See other median home buys in other cities:

Boston metro area median price: $367,700.

"Condos, condos, condos" is what you'll find at that price in the city, says John Ranco, Greater Boston region vice president for the Massachusetts Association of Realtors.

In neighborhoods like the Back Bay, that money would buy a 300- to 350-square-foot studio, he says. In the South End, "you're likely to get a more remodeled studio or one-bedroom -- definitely without parking. Right now, the inventory in the whole city is extremely low."

Asking price: $369,900.

A 5-year-old contemporary condo in Quincy, Mass.
Metro median price: $367,700 (up 0.3 percent from one year earlier).*
  • Amenities
  • 3 bedrooms, 3 bathrooms.
  • 2,100 square feet.
  • 1-car garage; off-street parking.
  • Features
  • Hardwood floors with espresso finish.
  • Kitchen with granite counters and breakfast bar.
  • Surround sound in living room.

Listed by: Keller Williams Realty (Braintree).

A 5-year-old contemporary condo in Quincy, Mass.A 5-year-old contemporary condo in Quincy, Mass.A 5-year-old contemporary condo in Quincy, Mass.A 5-year-old contemporary condo in Quincy, Mass.
A 5-year-old contemporary condo in Quincy, Mass.A 5-year-old contemporary condo in Quincy, Mass.A 5-year-old contemporary condo in Quincy, Mass.A 5-year-old contemporary condo in Quincy, Mass.

Buyers seeking cheaper options in the suburbs won't find them close by, says Bill Dermody, president of the Greater Boston Association of Realtors.

"In the suburbs, the median price range is a lot higher," he says. The average in places like Needham and Newton is about $800,000, he says.

Drive 20 to 30 miles outside the city and you "could get a nice Cape (Cod) home with three bedrooms on a 10,000-square-foot lot," Dermody says. Likely, it will have been built anywhere from the mid-1940s to 1970s and have about 1,500 square feet or less, he adds.

*Source: National Association of Realtors, fall 2011.

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
MORTGAGE & REAL ESTATE NEWSLETTER

Timely market news and advice for consumers ready to buy, sell or invest in real estate. Delivered weekly.

Blog

Judy Martel

More homeowners above water

Rising prices are driving homeowners into positive equity, but it could be a long road.  ... Read more

advertisement
Partner Center
advertisement

Connect with us