Chelsea Condos for Sale & Rent

Condos in Chelsea are an excellent value and an appealing choice for anyone who wants to move out of Boston and into a metropolitan city. One reason behind Chelsea's dramatic spike in popularity is that residents get more space for a fraction of the cost. There are loft-style condos, penthouses, duplexes and options in historic townhomes and triple-deckers, and they're all available at a competitive price point. Another reason for the city's growth is its great location. It's minutes from Boston, but offers a quality of life comparable to the most desirable parts of Everett and Revere. Whether you're attracted to its suburban features or the overall affordability, Chelsea is a popular choice for condo buyers and first-time homeowners.

Condo Prices in Chelsea

Some neighborhoods around Boston tout their affordability, but their home prices aren't accessible to everyone. In Chelsea, prices have climbed by 40 percent since 2011, but condos are still affordable on nearly any budget. That's why many experts are saying that this community is the next Somerville. Today, the median sale price is just $230,000, which is approximately $250 per square foot. New listings are trending around $260,000. At this rate, you can purchase a generously sized two-bedroom condo with 1,200 square feet of living space for approximately $300,000. The majority of condos in historic homes or loft conversions are listing for between $250,000 and $350,000. This includes prime bi-level condos and luxury units with outdoor space, deeded parking and glamorous views of the Boston skyline. Buyers also have the option to invest in co-op apartments.

Chelsea Neighborhoods

Quality and value go hand in hand in Chelsea. If you're interested in entering this hot market, there are several sub-neighborhoods to consider, including Prattville, Admiral's Hill and the Chelsea Waterfront. Located in the northern corner of Chelsea, Prattville is the most suburban option. This is where you'll find condos in private homes and duplexes. Streets around Broadway also have a variety of townhomes, triple-deckers and several larger buildings that offer condos. Admiral's Hill and the Waterfront District are the trendiest neighborhoods in the city. These areas are closer to Boston, and they have great views of the marina and the city skyline. This is where you'll find loft-style condos, penthouses and units in new or refurbished buildings that have luxury amenities.

Market Growth

Despite the rapid increase in home values, Chelsea has a lot of room to grow. Over the past two decades, Chelsea has experienced an unprecedented expansion. In this time, 33 major buildings have been completed. New developments that are planned for the near future are expected to increase the number of residential properties by 10 percent. Another exciting addition is a new Silver Line stop that will connect this northern suburb to Logan Airport and South Station starting in 2017. This increase in demand and accessibility is good news for current condo owners and for anyone who wants to enter the market.

To request more information about the latest condo listings in Chelsea, Massachusetts, click the property search icon. At Boston City Properties, we have a team of leading condo brokers who can assist you in your home search. Feel free to call or email us if you have questions or would like to schedule a showing.

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