Real Estate

Here’s What You Can Buy for Under $200,000 in Greater Boston

Including a unit in a Chelsea rowhouse for $170,000.

Photo via Bertolino and Associates Real Estate

These days, it certainly feels like you can’t purchase a home in Boston for anything less than $600,000. If you look hard enough, though, there are a few (emphasis on few) bargains to be found.

Real estate analytics firm NeighborhoodX examined the market in Greater Boston to identify properties for sale for less than $200,000. Researchers turned up nine condos concentrated in Quincy and Chelsea, and excluded foreclosures, short sales, and income-restricted properties.

“We periodically do this analysis to look at the threshold for entry-level properties, and this is perhaps the fewest opportunities we’ve seen in Boston,” says Constantine Valhouli, director of research for NeighborhoodX. “This suggests that first-time buyers will be moving further out, or be open to improving a property to make their first purchase viable.”

There are two homes on the list within the city of Boston: a tiny condo in Hyde Park and a two-bedroom unit in Dorchester’s Grove Hall.  The rest, however, are sprinkled throughout Chelsea and Quincy. There were no market-rate properties asking less than $200,000 in popular Greater Boston towns like Brookline, Cambridge, Somerville, Malden, Medford, or Watertown.

Dreaming of kissing rent checks goodbye? See the complete list below.


Madeline Bilis Associate Editor at Boston Magazine @madelinebilis
mbilis@bostonmagazine.com


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