The Prospect Hill-Back Bay housing market is most competitive. The median sale price of a home in Prospect Hill-Back Bay was $631K last month, up 35.0% since last year. The median sale price per square foot in Prospect Hill-Back Bay is $514, up 74.8% since last year.
What is the housing market like in Prospect Hill-Back Bay today?
In March 2024, Prospect Hill-Back Bay home prices were up 35.0% compared to last year, selling for a median price of $631K. On average, homes in Prospect Hill-Back Bay sell after 18 days on the market compared to 27 days last year. There were 6 homes sold in March this year, down from 7 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$630,500
+35.0% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Prospect Hill-Back Bay, MA
$630,500
+35.0%
United States
To compare other locations to the Prospect Hill-Back Bay and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Lawrence add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Prospect Hill-Back Bay housing market?
Prospect Hill-Back Bay is most competitive. Homes sell in 12 days.
0
100
92
Most Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 9 months
Most homes get multiple offers, often with waived contingencies.
The average homes sell for about 3% above list price and go pending in around 12 days.
Hot homes
can sell for about 8% above list price and go pending in around 8 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
5/10
Parthum Middle School
Public • 5-8
603
Students
N/A
3/10
Edward F. Parthum
Public • K-4
661
Students
3 reviews
2/10
Francis M Leahy
Public • 1-5
465
Students
2 reviews
1/10
School For Exceptional Studies
Public • 1-12
145
Students
N/A
1/10
Oliver Partnership School
Public • 1-5
495
Students
N/A
Only showing 5 of
6 elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Prospect Hill-Back Bay housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Prospect Hill-Back Bay.
Risk Factor
Flood Factor - Extreme
20% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Prospect Hill-Back Bay has an extreme risk of flooding. 284 properties in Prospect Hill-Back Bay are likely to be
severely affected
by flooding over the next 30 years. This represents 20% of all properties in Prospect Hill-Back Bay. Flood risk is increasing slower than the national average.
15% of properties are at risk of wildfire over the next 30 years
Fire Factor
Prospect Hill-Back Bay has a minor risk of wildfire. There are 294 properties in Prospect Hill-Back Bay that have some risk of being affected by wildfire over the next 30 years. This represents 15% of all properties in Prospect Hill-Back Bay.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Prospect Hill-Back Bay has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Prospect Hill-Back Bay is most at risk from hurricanes. 1,939 properties in Prospect Hill-Back Bay have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 82 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 91 mph.
99% of properties are at major
risk of heat over the next 30 years
Heat Factor
Prospect Hill-Back Bay has a major risk from heat. This is due to
"feels like" temperatures
increasing, and because 99% of homes in Prospect Hill-Back Bay have a Major Heat Factor®.
Prospect Hill-Back Bay is expected to see a 114% increase in the number of days over 97ºF over the next 30 years. Prospect Hill-Back Bay is expected to experience 6