Home Values

South Boston Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$473,600

  • 7.4% 1-year change
  • 1.1% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this neighborhood relative to other neighborhoods in the same metropolitan area. A particular neighborhood may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Cool

Buyers' Market
Sellers' Market

The median home value in South Boston is $473,600. South Boston home values have gone up 7.4% over the past year and Zillow predicts they will rise 1.1% within the next year. The median list price per square foot in South Boston is $515, which is higher than the Boston average of $463. The median price of homes currently listed in South Boston is $579,000 while the median price of homes that sold is $464,000. The median rent price in South Boston is $2,800, which is higher than the Boston median of $2,395.

Foreclosures will be a factor impacting home values in the next several years. In South Boston 1.2 homes are foreclosed (per 10,000). This is greater than the Boston value of 0.9 and also lower than the national value of 4.3

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Relative ZHVI
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South Boston Market Overview

Data through Aug 31, 2014
  • $473,600 ZHVI
  • 1.1% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Aug 31, 2015)
  • $579,000 Median listing price
  • $464,000 Median sale price
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South Boston Market Health

Data through Aug 31, 2014
  • 8.6/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • No data Homes with negative equity (17.0% US Avg)
  • No data Delinquent on mortgage (6.9% US Avg)

Homes foreclosed (per 10,000)

1.2 homes(Aug 31, 2013) South Boston
0.9 homes Boston
4.3 homes United States
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Nearby Neighborhoods

Name Median ZHVI
Chinatown $803,500
Downtown Boston $788,100
Back Bay $758,000
Name Median ZHVI
Beacon Hill $637,700
South End $637,300
North End $576,600
Name Median ZHVI
Charlestown $559,900
North Dorchester $333,400
East Boston $291,300

Listings & Sales

Data through Aug 31, 2014
  • $515 Median list price / sq ft
  • $491 Median sale price / sq ft
  • 22.9% Listings with price cut
7.0%
Sold below listing
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South Boston Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $2,753 South Boston
    $2,477 Boston
    $1,328 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $2,800 Rent list price
  • $3.00 Rent list price / sq ft
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