Here’s the Neighborhood Where Homes Stay on the Market the Longest
Photo by Sarah Nichols on Flickr/Creative Commons
Homes in Boston seem like they’re snatched up in the blink of an eye. But just how quickly do properties leave the market?
A new analysis by real estate analytics firm NeighborhoodX lays it all out. If you’re seeking less competition (read: fewer bidding wars), set your sights on the neighborhood where homes spend the most days on the market: Beacon Hill. Homes in the brick and cobblestone-filled district spend an average of 95.87 days on the market.
It’s no wonder one of Boston’s most expensive neighborhoods doesn’t have homes flying off the shelves, but the second slowest-moving neighborhood proves to be more of a surprise. Mattapan comes in second to Beacon Hill with an average of 76 days on the market, signaling slower sales for areas in Boston on opposite ends of the spectrum.
On the other hand, you can expect to see offers pile up in neighborhoods like Allston, Brighton, and Jamaica Plain. Here, homes stay on the market for an average of 22.86, 30.05, and 32.72 days, respectively. Overall, though, homes across the city remain on the market for an average of 52 days. Dorchester, East Boston, and the South End fall in this middle area.
Wondering where your neighborhood lines up? See the complete list below.
