Beacon Hill’s characteristic narrow gas-lit streets, brick sidewalks, decorative iron work, and red brick houses have been preserved to maintain its 19th century charm – the neighborhood was designated as a historic district in 1955, making it the oldest historic district in Massachusetts. With average household income at $130,521 and average PSF topping $1,226, it remains one of Boston’s most exclusive neighborhoods.
Beacon Hill offers resident convenient access to the best of Boston including the Boston Common and Public Garden, Back Bay, and the North End. It is just a short walk to world renowned Massachusetts General Hospital as well as boutique shops and authentic dining along amenity rich Charles Street.
In 2018, Boston was ranked the 3rd most expensive city in the nation with over seven of its neighborhoods surpassing $1,000 for average PSF. Boston’s Beacon Hill neighborhood remains the most stable and exclusive market; by evidence, its housing market only declined 3% in 2008 and rebounded the following year. Average condominium price per square foot in Beacon Hill reached $1,226 in 2018, a 72% increase since 2010.
2017 was considered the height of the current real estate cycle, with sales volume reaching over $230 million for the first time ever, totaling 140 transactions. In 2018, sales volume remained healthy totaling $180 million and the record sale of the Mount Vernon Penthouse at $15.1 million. The previous record was the Penthouse at 96 Beacon Street, selling for $13 million in 2014. As of February 2019, there are 24 active listings with an average listing price of $4,157,833 and average price per square foot of $1,541.