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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Newton is a seller's market

Buyer's
Market

Difference Since December 2021

Since last year, Newton has remained a Seller's Market.

Key Takeaway

Newton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Newton, MA cost?

Median Sold Price

$1,310,125

$546/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$60,875(+4.9%)

Key Takeaway

Homes in Newton have sold for 4.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $457.5K$482.5K
+5.5%
2 $675K$700K
+3.7%
3 $1.0M$1.1M
+10.5%
4 $1.3M$1.5M
+8.3%
5+ $1.8M$2.2M
+19.4%

Median Sold Price Compared To Nearby Cities

Weston
+15.2%
Needham Heights
+15.0%
Wellesley Hills
+14.2%
Newton Center
+7.0%
Newton
+4.9%

How many homes are available in Newton, MA?

Number of Homes For Sale

Nov 2022Dec 2022%
217164-24.4%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 118
-27.3%
2 2518
-28.0%
3 5338
-28.3%
4 4534
-24.4%
5+ 8366
-20.5%

Number of Homes Sold

Nov 2022Dec 2022%
6952-24.6%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Newton, you may be able to get a good deal. 59.6% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
27 Days32 Days+18.2%

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Newton 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 Newton, MA

Newton, MA has 164 homes for sale to choose from. The number of homes for sale in Newton, MA decreased by 24.4% between November 2022 and December 2022. In December 2022, listings were on the market for 32 days. During the same period, the median list price in this real estate market was $1,310,125. Listing prices have changed in this real estate market between November 2022 and December 2022: 1 bedroom properties prices increased by 5.5%, 2 bedrooms properties prices increased by 3.7%, 3 bedrooms properties prices increased by 10.5%, prices of 4 bedrooms properties went up by 8.3%, prices of 5 bedrooms properties increased by 19.4%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes went down by 27.3%, 2 bedrooms homes became 28% less available, volume of 3 bedrooms homes went down by 28.3%, number of 4 bedrooms homes decreased by 24.4%, volume of 5 bedrooms homes went down by 20.5%. Over 18 listings were sold over their listed price in December 2022 in Newton, MA. In the same period over 31 listings were sold below the listed price and 3 listings were sold for the listed price.

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