$824,063Average Value$486Average Price per Sq Ft7Homes For Sale
Commuting convenience and home value
Banks Square is a section of Waltham, Massachusetts, conveniently positioned minutes from multiple transportation arteries, making it a key player in a burgeoning trend of new residents moving to the area. “The secret is out as far as Waltham is concerned,” says Dave DiGregorio, a Realtor with Coldwell Banker Realty, who was born and raised in Waltham and has over 27 years of local real estate experience. “Our market is booming here.” Banks Square, in particular, is ideally located, DiGregorio says. U.S. Route 20 crosses directly through the neighborhood, an east-to-west thoroughfare. Also, Interstate 95 sits just west of Bank Square, and Interstate 90 is located to the south. For those who take public transit, Banks Square offers several Massachusetts Bay Transportation Authority bus stops along Main Street and Tavern Road. With such commuting convenience, people who live in Banks Square tend to work all over the area. There’s a big biotech industry in Waltham, so some work in town. Others commute east to Cambridge and Boston or west to Framingham. “Our buyer pools are probably twice the average town, strictly because of our location,” DiGregorio says. According to DiGregorio, people are coming to Banks Square in droves, a mark not only of its location but also of its value, being less expensive than surrounding towns. “I can’t say enough about this town,” DiGregorio says.
Waltham train station is conveniently located near Banks Square.
Bank Square gives you many different bus stops for commuters.
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Multi-family homes on sidewalk-lined streets
The housing inventory stock in Banks Square mainly consists of homes built around the turn of the 20th century in the traditional Victorian and colonial styles of the time. However, there has been some new development in recent years, according to DiGregorio, where some of the older structures were torn down in place of new ones. Many Banks Square homes have multi-family layouts — mostly two-family to four-family constructions. DiGregorio says the neighborhood has "a few single families sprinkled in," along with some larger apartment buildings. “It’s all different stripes,” DiGregorio says. “That’s what’s nice about that area.” The neighborhood is lined with sidewalks, too — most of which are handicap accessible — so it is thoroughly walkable. Because the types of homes vary greatly, so do the sizes and prices. Sizes range from 960 to 4,200 square feet, and prices span from $420,000 to $1.4 million. There are entry-level options — like the first or second floor in a multi-family building — that can be purchased for around $450,000 to $600,000. Meanwhile, a newer townhome can sell for $1 million or more. Homes typically last on the market for two weeks or less. “Anything in Waltham sells quickly, and the Bank Square area sells particularly well,” DiGregorio says.
Homes in Bank Square include multifamily style homes.
Banks Square's convenient location makes it minutes from multiple transportation hubs.
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Popular restaurant hub nearby
Banks Square is right across the Charles River, roughly a mile from a bustling restaurant corridor called Moody Street. “People come from all over to have dinner on Moody Street,” DiGregorio says. He enjoys Tempo, a bistro that serves a range of dishes, from pan-seared sea scallops to Guinness-braised short ribs. “It’s always packed." There's also Domenic's Italian Bakery & Deli, which offers Italian fare made from cherished recipes, like the popular arancini, that date back to the 1800s. For a quick grocery run, there's a Hannaford Supermarket on nearby Russell Street, and those who love a Saturday afternoon browse for second-hand designer and vintage clothing and accessories can stop into Pali Thrifts & Gifts on Prospect Street.
Tempo
Gustavo
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Annual town festivals
Shopping and dining aren't the only fun to be had in and around Banks Square. Residents can enjoy a number of town events throughout the year. Some of the festivities include the Waltham Food, Wine and Craft Beer Festival, the Boston Salsa Festival featuring salsa dancing workshops and performances, and the Waltham Riverfest with live music, vendors, guided walks along the Charles River, a pet parade and more.
Plenty of green space
In terms of nearby recreation in Banks Square and Waltham, “You name it, we have it,” DiGregorio says. The roughly 19-acre Nipper Maher Park is a highlight within Banks Square. The facility includes a spray park for the kids to use in the summer, plus tennis courts and a walking path. Another destination, just north of Banks Square, is the 252-acre Prospect Hill Park, popular for its prime views of the Boston basin. Visitors also enjoy its “beautiful hiking trails and picnic area,” according to DiGregorio.
Nipper Park in Bank Square is enjoyed by many pets.
Nipper Park has multiple athletic fields for residents to enjoy.
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Highly-regarded nearby schools
Stanley Elementary, one of the Waltham Public Schools division’s locations, rated a B-minus by Niche, sits within Banks Square, while McDevitt Middle, also a B-minus, is located just outside the neighborhood on Church Street. Waltham Senior High School found 2 miles north, receives a B rating and features the Project Lead The Way STEM Elective Pathways program, where students can choose courses in either the Bio-Med or Engineering pathways. "I can tell you my experience with the school system has been top-notch,” says DiGregorio, whose kids attended Waltham Public Schools.
Students in Bank Square attend Waltham Senior High School.
Students in Bank Square attend Stanley Elementary School.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
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On average, homes in Bank Square, Waltham sell after 22 days on the market compared to the national average of 52 days. The median sale price for homes in Bank Square, Waltham over the last 12 months is $712,500, down 6% from the median home sale price over the previous 12 months.
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