Is Newbury, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Newbury has remained a Seller's Market.
Housing Prices in Newbury, MA
How much do homes in Newbury, MA cost?
Median Sold Price
$829,000
$445/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Newbury was $829,000 in March 2024, down 2.1% from last year, and the median price per square foot was $445.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $400K | - | N/A |
2 Bedrooms | $700K | $742.5K | +6.1% |
3 Bedrooms | $828K | $775K | -6.4% |
4 Bedrooms | $962.5K | $1.2M | +30.4% |
5+ Bedrooms | $1.4M | $1.0M | -25.7% |
Summary: Newbury housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.1%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes increased by 30.4%, and 5+ bedroom homes decreased by 25.7%.
Median Sold Price Compared To Nearby Cities
Rowley | $740K | $811.5K | +9.7% |
Newburyport | $762K | $790.2K | +3.7% |
Newbury | $846.5K | $829K | -2.1% |
West Newbury | $793.5K | $770K | -3.0% |
Byfield | $786.2K | $755K | -4.0% |
Housing Supply in Newbury, MA
How many homes are available in Newbury, MA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 17 | 0.0% |
Summary: The Newbury real estate market had 17 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 8 | 6 | -25.0% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Newbury housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Newbury in March 2024, up by 25.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 41 Days | +12.3% |
Summary: Homes in Newbury had an average of 41 days on market in Mar 2024, up by 12.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Newbury; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.