Are you priced out of the Boston real estate market? Here’s an option
Do you have clients priced out of city living? Redfin has a suggestion for you.
City life is reawakening after a year marred by the pandemic, but that doesn’t mean the resurgent demand for homes in the neighboring suburbs is coming down any time soon.
For those caught between the priciness and lack of space city living offers and large suburban homes selling well above the asking price, Redfin set out to determine the best alternatives to city living in various markets across the country.
Redfin’s data team found the most affordable alternatives to the 11 most popular big cities, including Boston. Offering lower prices than comparable suburbs and the adjacent big city, Redfin’s analysts said these alternatives also offer more inventory, giving homebuyers a rare opportunity in today’s market.
Boston’s affordable alternative, according to the report, is Quincy. Located 30 minutes south of the city, it has easy access to public transportation, a historic downtown, restaurants, bars, and a beach.
The report found the town has seen an influx of Bostonians looking for a more suburban lifestyle. Homes in Quincy have a median list price of $629,900, compared to Boston’s median list price of $694,950.