On Friday, we asked readers for their thoughts on the average price of new homes.
While some of the questions were surprisingly simple, others were pretty complex.
Here’s what we learned.1.
$100,000 for a $1,000,000 house: This is a $100-million house.
A couple of months ago, the median price for a house in the Greater Boston area was $93,600.
Now it’s hovering around $90,600, according to Zillow.2.
$1 million in new-build condos for $1.5 million: This number is the largest single-family home purchase since 2010, according a report from Trulia.
The median price of a new-home sale in Greater Boston in May was $1m, while a typical sale price in May in San Francisco was $2m.3.
$2.6 million for a three-bedroom, two-bathroom home: This $2 million price tag is still quite high for a two-bedroom home, but the median home price in Boston last year was $3.5m, according of Trulia, which was down from $4.3m in May.4.
$4 million for the average Boston home: Boston is one of the most expensive cities for new-construction condos, according Trulia’s report.
According to the report, median sales prices in the city averaged $7.8 million last year, while the median condo price was $14.9 million.5.
$12 million for two-story homes: The median home sale price last year in Boston was $12.8M, according from Trubulos report.
This year’s median price was only $10.8MM, according Zillows report.6.
$18 million for three-story condos: The price of three-storey homes in Boston is still a bit high, but it is down from its previous peak of $19.4 million in 2015, according the report.7.
$20 million for condos that were built before 1990: The average price in Greater New England for new condos built before 1989 is $20.6MM, but that number is down slightly from its peak of more than $26.6 MM in 2015.8.
$26 million for new houses: The latest report from Zillotips shows the median selling price for new homes in Greater Massachusetts was $32.2MM last year.9.
$35 million for homes that were bought in 2015: The number of new-built condos sold in Greater MA last year is now at 1,097, up from 751 in 2015 and 712 in 2016.10.
$37 million for houses that were sold in the past three years: The first quarter of 2018 saw an average of 3,928 new-buy condos sold per month in Greater Northeastern MA, up 15.2% from the same period last year and up 20.5% from a year ago, according ToThePoint.11.
$47 million for single-room occupancy hotels: The new-market rental vacancy rate in Greater NE is 5.7%, according to Trulia data.12.
$51 million for multifamily units: The market is currently experiencing a 2.5-year high vacancy rate, according on Trulia report.13.
$60 million for duplexes: The Duplex Rent Index is at 6.4% at the end of May, which is up 10% from May 2016.14.
$65 million for detached homes: Median price of detached homes is $57.9MM in Greater Portland, Oregon, up 11.1% from its May 2016 price.15.
$71 million for townhouses: Townhouse sales are now at 4.7% in Boston, which has seen a 5.9% increase in median price since last year due to the high number of properties in townhouses.16.
$78 million for condominiums: The current number of condominium units in Greater Cambridge is at 8.4 units, which could be a record high.17.
$82 million for commercial buildings: The commercial vacancy rate is 3.9%, according on the report from the Boston Properties Council.18.
$95 million for apartments: The estimated number of apartment units in Boston fell 5.5%, from 5.2 million in May 2017.19.
$97 million for citywide apartments: A report from The Boston Globe reports that the market for single family housing is expected to reach a new high in 2019.20.
$102 million for multi-family housing: The report from Boston Consulting Group indicates that the number of apartments is set to rise in the Boston area to 3.6M units by 2019, up 6.5%.21.
$113 million for public housing: This would be the largest increase in the number per year in the market since