Is Newton, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Newton has remained a Seller's Market.
Key Takeaway
Newton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newton, MA
How much do homes in Newton, MA cost?
Median Sold Price
$1,445,200
$553/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Newton have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Newton was $1,445,200 in April 2024, up 7.9% from last year, and the median price per square foot was $553.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $487.5K | $507.5K | +4.1% |
| 2 Bedrooms | $700K | $777.5K | +11.1% |
| 3 Bedrooms | $1.1M | $1.1M | 0.0% |
| 4 Bedrooms | $1.5M | $1.6M | +10.1% |
| 5+ Bedrooms | $2.2M | $2.1M | -7.2% |
Summary: Newton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 11.1%, 3 bedroom homes did not change, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes decreased by 7.2%.
Median Sold Price Compared To Nearby Cities
| Wellesley Hills | $2.0M | $2.2M | +10.0% |
| Newton Center | $1.5M | $1.7M | +9.2% |
| Needham Heights | $1.2M | $1.4M | +8.3% |
| Newton | $1.3M | $1.4M | +7.9% |
| Weston | $2.1M | $2.2M | +5.3% |
Housing Supply in Newton, MA
How many homes are available in Newton, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 274 | 313 | +14.2% |
Summary: The Newton real estate market had 313 homes for sale in April 2024, a 14.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 11 | -21.4% |
| 2 Bedrooms | 20 | 26 | +30.0% |
| 3 Bedrooms | 54 | 62 | +14.8% |
| 4 Bedrooms | 74 | 78 | +5.4% |
| 5+ Bedrooms | 112 | 136 | +21.4% |
Summary: The Newton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 21.4%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 66 | +32.0% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newton, you may be able to get a good deal. 47% of homes here sold below asking price last month.
Summary: A total of 66 homes were sold or pending in Newton in April 2024, up by 32.0% month-over-month. Of the 66 sold homes, 47% were sold under asking, 6% were sold at asking, and 47% were sold over asking.
Days on Market for Newton, MA
How long does it take to sell a home in Newton, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 34 Days | 26 Days | -23.2% |
Summary: Homes in Newton had an average of 26 days on market in Apr 2024, down by 23.2% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newton are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 66 homes were sold in Newton; 73% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
