Back Bay highest price per sq. ft. in America
02115 ZIP code boasts $2,663 per/sf. median home price
One corner of Boston is home to its Museum of Fine Arts and Symphony Hall — along with the country’s priciest residential real estate.
The 02115 ZIP code — encompassing part of the city’s Back Bay neighborhood — ranks as the nation’s most expensive in terms of median home price per square foot, according to Realtor.com data reported by the Journal.
Highest condo price per sq. ft.
The median price per square foot for a home in the ZIP code last month was $2,663. The neighborhood has some local factors skewing it toward the top of the price charts.
One is that there’s not an overwhelming amount of inventory, as the ZIP code is home to various hospitals, educational institutions, museums and student housing. Last month, there were only 27 active listings in 02115, down 32.5 percent year-over-year.
A 7,500-square-foot unit in the building is on the market for $35 million, the most expensive listing in the 02115. While the property is helping to raise the median price per square foot of the area, local agent Brian Caluori of Gibson Sotheby’s International Realty told the Journal the large brownstones and single-family residences in the area are also being bought and gutted.
“If something is in good condition, you’ll see bidding wars and the property going over asking,” Caluori said.
The median list price in 02115 was approximately $4 million last month, a jump of 37.2 percent year-over-year. Homes spend a median of 117 days on the market, according to Realtor.com.
Where is Ford Realty Located?
Ford Realty is located in 137 Charles Street in Beacon Hill
Updated: Boston Condos for Sale Blog 2024