Kicker - A pricey piece of real estate

NICK EICHER, HOST: $351,000 is a lot of money—unless you’re trying to buy a home in the upscale Boston suburb of Newton, Massachusetts.

The median home price there is $1.3 million.

So when I tell you that a realtor just sold a single family home in Newton for $351,000, you might wonder…

REICHARD: What's wrong with it?

EICHER: Well, nothing! The house features new flooring and lighting, a new kitchenette and a recently renovated bathroom.

REICHARD: So what’s the catch?

EICHER: You might have noticed that I said kitchenette, rather than kitchen. The listing says it all:

"One of a Kind! Adorable Tiny Studio Home."

It’s a little bit larger than the size of the average parking space—251 square feet.

If you’re doing the math, that works out to about $1,300 per square foot.

The housing market in the Boston suburbs right now is not for the faint of heart!

REICHARD: Or light of wallet.

EICHER: It’s The World and Everything in It.

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