Boston Condo Pricing Breakdown

We recently received some year-end positive comments from readers, with one of them inquiring if we can spend a little bit more time on a go-forward basis covering Boston condos that are less than $500,000. This is definitely a fair request, and we will strive to cover interesting Boston condo happenings, regardless of price points, as well as other happenings in Boston of note.

The specific request to give further coverage to the segment of the Boston market under $500K gives rise to an interesting question: What is the current breakdown of listings (prices) in Boston? We took to answering this question, looking specifically at the core downtown neighborhoods (specifically, Back Bay, Bay Village, Chinatown, Financial District, Leather District, Midtown, North End, Seaport District, South End, Theatre District, Waterfront, West End).

We broke listings down into large sections of prices to gain a high-level view of the market:

• Less than $500,000 (< $500K) – 25%
• $500,000 to $1 Million – 43%
• More than $1 Million (> $1 Million) – 32%

Condos that are listed for less than $500,000 represent only 25% of all current listings on the market. The majority of condos in Boston are priced between $500,000 and $1 million. 32% of the core downtown Boston market is made up of condos priced over $1 million.

The Back Bay is home to the most expensive listings, with 103 condos priced over $1 million. The Back Bay has almost three times the number of million dollar listings the South End and the Waterfront separately boast.

For full details, see the Boston Condo Pricing Breakdown (PDF).