prices

Porter Square's Rand to Feed Condo-Starved Cambridge 20 Units

Porter Square's Rand to Feed Condo-Starved Cambridge 20 Units

A perennial for-sale crunch in the People's Republic fuels a climate of bidding wars and over-asks harsh even by Greater Boston standards.

Prices are expected to start at $600,000, and pre-sales should start soon.

Condos Are Now More Expensive Than Single-Family Homes

Condo prices all across Boston are skyrocketing as the spring market kicks off. Urban areas, from upscale to affordable, are leading the charge.

Somerville, Jamaica Plain and increasingly upscale Charlestown saw some of the biggest increases as did Brighton, Medford and West Roxbury.

And it’s not just rent prices that are on the rise. Sales are up by double digits in the same areas as well. The median condo price in Massachusetts went up 10% in March, clocking in at $320,000 which is more than the median price of a single-family home ($315,000).

Significant Increase In Jamaica Plain Condo Prices

From Boston’s Financial District to the suburbs, housing prices in Massachusetts have been rising everywhere. Jamaica Plain was known to be an affordable area but the housing market in the neighborhood has experienced a significant increase in prices over the past few decades.

The average condo prices have inflated from $160/sq. ft. to $440/sq. ft. from 2000 to 2016.