Report: Beacon Hill Third Hottest Spot in Massachusetts Real Estate Market

The Boston real estate market is hot, hot, hot, according to the latest quarterly report from the Boston Business Journal Data Center.

In the BBJ's listing of the top 20 housing markets in Massachusetts, Boston neighborhoods took nine of the top spots, and the Beacon Hill/West End area was ranked third, with a median list price of $658,000 and a median home value of $482,000.

The Back Bay (zip code 02116) took the No. 1 position with a median list price of $1.38 million and a median home value of $746,600. Another "hot" neighborhood listed in the Journal's latest report was Kenmore Square (02215), at No. 10, with a median list price of $459,000 and a median home value of $348,700.

The BBJ's "Hottest Housing Markets" report is compiled annually using data from Zillow.com. Rankings are based on a community's score using metrics such as changes in home values and sales volume, according to the article.

Click here to read the full report and find out where other communities rank.