Is Newburyport, 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, 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
$790,250
$512/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Newburyport have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Newburyport was $790,250 in March 2024, up 3.7% from last year, and the median price per square foot was $512.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $412K | $390K | -5.3% |
| 2 Bedrooms | $597.5K | $627.5K | +5.0% |
| 3 Bedrooms | $835K | $905K | +8.4% |
| 4 Bedrooms | $1.1M | $1.2M | +9.0% |
| 5+ Bedrooms | $1.5M | $955K | -38.6% |
Summary: Newburyport housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.3%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 9%, and 5+ bedroom homes decreased by 38.6%.
Median Sold Price Compared To Nearby Cities
| Salisbury | $507.5K | $599.9K | +18.2% |
| Amesbury | $542.7K | $578.5K | +6.6% |
| Amesbury Town | $542.7K | $578.5K | +6.6% |
| Newburyport | $762K | $790.2K | +3.7% |
| West Newbury | $793.5K | $770K | -3.0% |
Housing Supply in Newburyport, MA
How many homes are available in Newburyport, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 61 | 76 | +24.6% |
Summary: The Newburyport real estate market had 76 homes for sale in March 2024, a 24.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 18 | 22 | +22.2% |
| 3 Bedrooms | 19 | 27 | +42.1% |
| 4 Bedrooms | 17 | 19 | +11.8% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Newburyport housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 42.1%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newburyport, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Newburyport in March 2024, the same as the previous month. Of the 14 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 22 Days | 24 Days | +7.6% |
Summary: Homes in Newburyport had an average of 24 days on market in Mar 2024, up by 7.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 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 March 2024, 14 homes were sold in Newburyport; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
