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 May 2021

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.

How much do homes in Newbury, MA cost?

Median Sold Price

$725,000

$351/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$30,000(+4.3%)

Key Takeaway

Homes in Newbury have sold for 4.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $862.5K-
N/A
2 $617.4K$596.3K
-3.4%
3 $640K$638K
-0.3%
4 $753.7K$965K
+28.0%
5+ $967.5K$1.5M
+57.6%

Median Sold Price Compared To Nearby Cities

Rowley
+11.6%
West Newbury
+9.9%
Newburyport
+9.1%
Newbury
+4.3%
Byfield
-15.8%

How many homes are available in Newbury, MA?

Number of Homes For Sale

Apr 2022May 2022%
3343+30.3%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 22
0.0%
2 46
+50.0%
3 1522
+46.7%
4 1112
+9.1%
5+ 11
0.0%

Number of Homes Sold

Apr 2022May 2022%
28+300.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Newbury, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
43 Days27 Days-36.5%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was 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.

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

About Newbury, MA

Homes for sale in Newbury, MA have reached 43. The number of listings in Newbury, MA increased by 30.3% between April 2022 and May 2022. In May 2022 median list price was $725,000 and the average listing age was 27 days. This housing market listing prices have changed between April 2022 and May 2022: the cost of 1 bedroom properties went up by 0%, 2 bedrooms properties prices decreased by 3.4%, the cost of 3 bedrooms properties went down by 0.3%, prices of 4 bedrooms properties went up by 28%, 5 bedrooms properties became 57.6% more expensive. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes did not move, number of 2 bedrooms homes increased by 50%, the quantity of 3 bedrooms homes went up by 46.7%, 4 bedrooms homes inventory increased by 9.1%, number of 5 bedrooms homes remained the same. In May 2022, from all listings sold in Newbury, MA there were more than 6 sold above asking price, over 2 sold below and more than 0 were sold right at the asked price.

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