Is West 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, West Newbury was a Buyer's Market.
Housing Prices in West Newbury, MA
How much do homes in West Newbury, MA cost?
Median Sold Price
$817,450
$342/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in West Newbury was $817,450 in May 2024, up 0.9% from last year, and the median price per square foot was $342.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $515K | $658.7K | +27.9% |
3 Bedrooms | $823.5K | $750K | -8.9% |
4 Bedrooms | $875K | $937.4K | +7.1% |
5+ Bedrooms | $1.1M | $1.8M | +61.3% |
Summary: West Newbury housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27.9%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 61.3%.
Median Sold Price Compared To Nearby Cities
Merrimac | $560K | $622.5K | +11.2% |
Amesbury Town | $538.3K | $567.5K | +5.4% |
Amesbury | $538.3K | $567.5K | +5.4% |
West Newbury | $810K | $817.4K | +0.9% |
Housing Supply in West Newbury, MA
How many homes are available in West Newbury, MA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 13 | 0.0% |
Summary: The West Newbury real estate market had 13 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 7 | 7 | 0.0% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The West 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in West Newbury in May 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for West Newbury, MA
How long does it take to sell a home in West Newbury, MA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
10 Days | 67 Days | +572.5% |
Summary: Homes in West Newbury had an average of 67 days on market in May 2024, up by 572.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in West Newbury; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.