Condos in Boston Neighborhoods Under $500,000

The number of Boston condos for sale is limited right now, especially below the $500,000 price point. That being said, there is usually a constant demand for Boston condos. Many are still receiving multiple offers within 24 hours of being listed. While we have seen a slight decline in Boston condos and single family home sales overall, both rising inflation and mortgage rates, as well as low inventory, are primary contributing factors.

While the average price per square foot in Boston is $832 per SF, that varies across neighborhoods. For example, in the Seaport District, the average price per square foot of a condo is $1,596. In Downtown Boston, it is $1,157/SF and in Back Bay it’s $1,320. West Roxbury is one of the more affordable neighborhoods, at $444/ SF along with Roslindale at $466. It’s also worth mentioning that the price per square foot is typically lower for larger homes. This means that if you’re looking to purchase a 1- bedroom condo, the price per square foot will likely be higher than if you were purchasing a 3- bedroom condo in the same area, but that doesn’t mean it’s not a good deal overall.