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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Newburyport is a seller's market

Buyer's
Market

Difference Since October 2021

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.

How much do homes in Newburyport, MA cost?

Median Sold Price

$750,000

$459/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$87,833(+13.3%)

Key Takeaway

Homes in Newburyport have sold for 13.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $335K$406.8K
+21.5%
2 $484K$592K
+22.3%
3 $750K$815K
+8.7%
4 $1.0M$1.0M
-5.7%
5+ $949K$1.6M
+70.3%

Median Sold Price Compared To Nearby Cities

Amesbury
+17.8%
Amesbury Town
+17.8%
Newburyport
+13.3%
Salisbury
+6.6%
West Newbury
-1.5%

How many homes are available in Newburyport, MA?

Number of Homes For Sale

Sep 2022Oct 2022%
10887-19.4%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 98
-11.1%
2 4032
-20.0%
3 3222
-31.3%
4 2019
-5.0%
5+ 76
-14.3%

Number of Homes Sold

Sep 2022Oct 2022%
4825-47.9%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Newburyport, you could pay more than the asking price. 64% of homes here sold above asking price last month.

Average Sale Time

Oct 2021Oct 2022%
22 Days24 Days+9.2%

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Newburyport 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 Newburyport, MA

Newburyport, MA has 87 homes on the market. The number of homes for sale in Newburyport, MA decreased by 19.4% between September 2022 and October 2022. In October 2022 median list price was $750,000 and the average listing age was 24 days. Listing prices have changed in this real estate market between September 2022 and October 2022: prices of 1 bedroom properties increased by 21.5%, the cost of 2 bedrooms properties went up by 22.3%, the cost of 3 bedrooms properties went up by 8.7%, the cost of 4 bedrooms properties went down by 5.7%, 5 bedrooms properties prices increased by 70.3%. This housing market inventory have changed: 1 bedroom homes became 11.1% less available, the quantity of 2 bedrooms homes went down by 20%, 3 bedrooms homes became 31.3% less available, 4 bedrooms homes inventory decreased by 5%, 5 bedrooms homes inventory decreased by 14.3%. In October 2022 more than 16 listings in Newburyport, MA were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 8 were sold below.

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