Is Newbury, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Newbury was a Neutral Market.
Key Takeaway
Newbury is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newbury, MA
How much do homes in Newbury, MA cost?
Median Sold Price
$850,000
$465/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Newbury have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Newbury was $850,000 in May 2024, up 1.8% from last year, and the median price per square foot was $465.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $400K | $819K | +104.8% |
| 2 Bedrooms | $736.2K | $759K | +3.1% |
| 3 Bedrooms | $835K | $792.5K | -5.1% |
| 4 Bedrooms | $950K | $1.3M | +39.5% |
| 5+ Bedrooms | $1.4M | $1.2M | -11.2% |
Summary: Newbury housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 104.8%, 2 bedroom homes increased by 3.1%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 39.5%, and 5+ bedroom homes decreased by 11.2%.
Median Sold Price Compared To Nearby Cities
| Rowley | $740K | $795K | +7.4% |
| Newburyport | $759.9K | $809.2K | +6.5% |
| Newbury | $835K | $850K | +1.8% |
| West Newbury | $810K | $817.4K | +0.9% |
Housing Supply in Newbury, MA
How many homes are available in Newbury, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 40 | +100.0% |
Summary: The Newbury real estate market had 40 homes for sale in May 2024, a 100.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 3 | 6 | +100.0% |
| 3 Bedrooms | 6 | 14 | +133.3% |
| 4 Bedrooms | 6 | 15 | +150.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Newbury housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 133.3%, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newbury, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Newbury in May 2024, up by 75.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for Newbury, MA
How long does it take to sell a home in Newbury, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 23 Days | 32 Days | +37.8% |
Summary: Homes in Newbury had an average of 32 days on market in May 2024, up by 37.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newbury are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Newbury; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
