Allston Median Home Prices

Allston, MA is one of Boston’s most popular housing markets for college students. Located very close to some of the area’s largest Universities, Allston is a favorite among Boston coeds because of its close proximity and relatively lower rent prices. That makes Allston a great option for a rental property investment or even a first time home buyer looking for close access to Boston’s urban center. But how much does a home for sale in Allston cost?

Allston Single Family Home Prices

The median price for single family homes in Allston is $913,167 over the past 12 months. That ranks Allston 13th out of the 27 neighborhoods that make up Boston, but that median price is still $135K higher than the city of Boston as a whole. Single family homes are not as common in Allston as condo listings, so the short supply of inventory keeps prices high in this neighborhood for those looking to purchase a house.

Allston Condo Prices

There are much more options at better prices for condos in Allston MA. At the moment their are 21 active listings of condos for sale in Allston, while there is just 1 available single family home for sale according to MLS. In addition to more inventory, the median price for a condo in Allston is $490,602, just over half the price of a single family home in Allston. In fact, due to the large supply of condos, Allston is the 4th most affordable neighborhood to purchase a condo in all of Boston.

Allston Real Estate Prices Per Square Foot

In terms of price per square foot of real estate, Allston ranks middle of the pack compared to all of Boston’s neighborhoods. At $554 per/sq. ft., Allston ranks 14 out of the 27 neighborhoods in Boston. That price per square foot is considerably lower than that of Boston’s average, which is $710.

So comparing data for different types of properties, a condo may be the best option for an investment in Allston. Due to high student demand, multi family home prices in Allston are among the highest in the city. Median multi family home price in Allston is $1.79M, which ranks 6th highest out of 21 neighborhoods with multi-family homes sales in past 365 days.

That coupled with the higher than average single family home price and limited inventory in both home categories, a condo will give an investor much more probability of finding a good ROI. All data provided by Boston Pads.