Is Newburyport, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Newburyport has remained a Seller's Market.
Key Takeaway
Newburyport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newburyport, MA
How much do homes in Newburyport, MA cost?
Median Sold Price
$809,250
$513/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Newburyport have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Newburyport was $809,250 in May 2024, up 6.5% from last year, and the median price per square foot was $513.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $390K | $408K | +4.6% |
| 2 Bedrooms | $600K | $630K | +5.0% |
| 3 Bedrooms | $780K | $942.5K | +20.8% |
| 4 Bedrooms | $1.1M | $1.3M | +13.0% |
| 5+ Bedrooms | $1.4M | $1.0M | -26.2% |
Summary: Newburyport housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 13%, and 5+ bedroom homes decreased by 26.2%.
Median Sold Price Compared To Nearby Cities
| Salisbury | $511.2K | $599.9K | +17.3% |
| Newburyport | $759.9K | $809.2K | +6.5% |
| Amesbury | $538.3K | $567.5K | +5.4% |
| Amesbury Town | $538.3K | $567.5K | +5.4% |
| West Newbury | $810K | $817.4K | +0.9% |
Housing Supply in Newburyport, MA
How many homes are available in Newburyport, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 87 | 107 | +23.0% |
Summary: The Newburyport real estate market had 107 homes for sale in May 2024, a 23.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 28 | 28 | 0.0% |
| 3 Bedrooms | 30 | 41 | +36.7% |
| 4 Bedrooms | 19 | 30 | +57.9% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Newburyport housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes remained the same, 3 bedroom homes increased by 36.7%, 4 bedroom homes increased by 57.9%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 31 | +63.2% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newburyport, you could pay more than the asking price. 45.2% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in Newburyport in May 2024, up by 63.2% month-over-month. Of the 31 sold homes, 32% were sold under asking, 23% were sold at asking, and 45% were sold over asking.
Days on Market for Newburyport, MA
How long does it take to sell a home in Newburyport, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 17 Days | 26 Days | +52.7% |
Summary: Homes in Newburyport had an average of 26 days on market in May 2024, up by 52.7% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newburyport are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 31 homes were sold in Newburyport; 74% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
