A mix of classically upscale, up and coming and working class neighborhoods are demonstrating large price jumps heading into the fall season. Downtown Boston alone jumped nearly 33 percent to a median home price of $3.1 million.
The following is a breakdown of the ten Boston neighborhoods exhibiting the strongest price growth:
- Downtown Boston: +32.9% to $3.1 million.
- Manchester: +23.6% to $955,000
- Ipswich: +23.2% to $520,000
- Lincoln: +21.8% to $1.1 million
- Everett: +16.4% to $355,000
- Milton: +15.4% to $629,500
- South Boston: +14.7% to $667,500
- Roslindale: +14.6% to $511,250
- West Roxbury: +14% to 530,000
- Waltham: +12.7% to $518,000
Overall the median price of home in MA this August came in at around $370,000 – the highest since 2005 (the height of the last real estate boom).
Condo prices hit an average of $345,000, up 4.5 percent.
Sales jumped even more with single-family home closings up 9.8% and condos up 8.6 percent.