In the last two years, most of the homes on Allerton Hill sold for Over $1 Million. Three sold for more than $2 million. In the two years before that, none did.
Written by Hillary Birch, South Shore Realtor - Hull MA
As a full time Allerton Hill resident and South Shore Real Estate Broker I love watching the real estate in this neighborhood, I track it street by street. Allerton Hill has quietly become one of the strongest luxury pockets on the South Shore, and the numbers I pulled show why, and what sellers need to get right to take advantage of it if they are considering a future sale.
How I measured what is considered Allerton Hill;
Allerton Hill rises above Nantasket Beach at the Northern end of the beach. It's known for grand Victorians, turn-of-the-century homes and, more recently some surprisingly large new construction, with views that run from Boston Light to the Boston skyline.
The MLS doesn't organize neighborhoods consistently, so I Pulled Allerton by its streets: Alden, Beacon, Bluff, Bradford, Glover, Holbrook, Point Allerton, Tierney and Winthrop. I left out Nantasket Avenue, which runs the length of town as to not confuse the specific market report. On those nine streets, 11 single-family homes sold in the last 24 months.
The top of the market got higher
The biggest change on the hill isn't the just average price. The median sale, about $1.28 million, is close to where it was two years ago. What changed is the top of the market.
In the prior two years, the hill's highest single-family sale was $1.475 million. In the last two years, three homes sold for more than $2 million, and total sales volume rose from $6.3 million to $17.2 million.
Here's a list to help visualize some of these properties side by side.
If a home is priced properly, it sells
There's an important part of the market many sellers miss - The best homes on the hill are selling for more than at any time since at least 2021, but buyers are also more selective. Over the last two years, the median home spent 72 days on the market, up from 21. And the typical sale closed at 92.7% of its first asking price, down from 100%.
What drives value on Allerton?
The median Allerton Hill sale came in at $583 per square foot, compared with $462 across Hull. But individual sales ranged from about $363 to $770 a square foot.
In this neighborhood the specific details set the price;
Elevation and the view. A clear line to Boston Light, the skyline or Nantasket Beach is worth more than square footage.
- Condition. The new-construction sale on Glover Avenue closed at about $678 a square foot, well above older homes that needed work.
- The launch. Pricing, preparation and presentation decide whether a home sells in weeks or months.
What this means for Allerton Hill home owners
If we are neighbors on the hill...the best homes here are selling for more than at any time since at least 2021. But it isn't by accident and guess work. A Hull wide average or an online zestimates will miss the special nuances that make your home stand out, view, street, elevation etc. It takes understanding the quirks of each view and house to really target the right price.
As someone who walks these streets with my children every day and looks at every house, I know this market and what makes each property special. If you're considering what your home on Allerton hill might be worth, I'd love to talk about it with you and give you valuable data and market points for you to work with.
