Is Newbury, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Newbury is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Newbury has remained a Seller's 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

$927,500

$439/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$101,500(+12.3%)

Key Takeaway

Homes in Newbury have sold for 12.3% more than they did a year ago.

Summary: The median home sold price in Newbury was $927,500 in September 2024, up 12.3% from last year, and the median price per square foot was $439.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$819K
N/A
2 $748.7K$887.5K
+18.5%
3 $783.7K$845K
+7.8%
4 $1.1M$1.1M
+2.3%
5+ $1.1M$1.2M
+9.3%

Summary: Newbury housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 9.3%.

Median Sold Price Compared To Nearby Cities

Byfield
+19.3%
Newbury
+12.3%
West Newbury
+11.2%
Newburyport
+11.1%

Housing Supply in Newbury, MA

How many homes are available in Newbury, MA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3132+3.2%

Summary: The Newbury real estate market had 32 homes for sale in September 2024, a 3.2% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 55
0.0%
3 1314
+7.7%
4 1211
-8.3%
5+ 12
+100.0%

Summary: The Newbury housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Newbury, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Newbury in September 2024, down by 14.3% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% 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

Sep 2023Sep 2024CHANGE
29 Days37 Days+29.0%

Summary: Homes in Newbury had an average of 37 days on market in Sep 2024, up by 29% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Newbury are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 6 homes were sold in Newbury; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 15 Days Ago

Newest Listings in Newbury, MA

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