West Roxbury’s real estate market is not known to be “hot”, but prices have risen steadily. The chart below shows median house prices for the past three years in West Roxbury. You see the obvious dips during the slow winter months. Compared year-over-year, this past week median listing price was $442,000, and $424,000 on the third week of November 2012. Same time in 2011, median price was $389,000. That’s a not-so-shabby 4.2% increase the past year alone.
Sure West Roxbury doesn’t have the frenzy of Brookline or Jamaica Plain, but I see a healthy and sustainable housing market. As more young families are priced out of Newton and Needham, this little neighborhood will become more desirable. Boston’s commitment to public school improvement will help.