Is Newton, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Newton has remained a Seller's Market.
Housing Prices in Newton, MA
How much do homes in Newton, MA cost?
Median Sold Price
$1,444,000
$560/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Newton was $1,444,000 in June 2024, up 6.9% from last year, and the median price per square foot was $560.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $490K | $501.5K | +2.3% |
2 Bedrooms | $692K | $807.5K | +16.7% |
3 Bedrooms | $1.0M | $1.1M | +9.5% |
4 Bedrooms | $1.5M | $1.6M | +11.0% |
5+ Bedrooms | $2.1M | $2.1M | +0.7% |
Summary: Newton housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 0.7%.
Median Sold Price Compared To Nearby Cities
Wellesley Hills | $1.8M | $2.3M | +22.7% |
Newton Center | $1.6M | $1.7M | +12.0% |
Weston | $2.1M | $2.3M | +8.6% |
Needham Heights | $1.2M | $1.4M | +8.3% |
Newton | $1.3M | $1.4M | +6.9% |
Housing Supply in Newton, MA
How many homes are available in Newton, MA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
386 | 379 | -1.8% |
Summary: The Newton real estate market had 379 homes for sale in June 2024, a 1.8% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 12 | -7.7% |
2 Bedrooms | 41 | 35 | -14.6% |
3 Bedrooms | 82 | 77 | -6.1% |
4 Bedrooms | 97 | 95 | -2.1% |
5+ Bedrooms | 153 | 160 | +4.6% |
Summary: The Newton housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.7%, 2 bedroom homes decreased by 14.6%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 4.6%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
81 | 92 | +13.6% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
44 Homes Were Sold
Over Asking
Summary: A total of 92 homes were sold or pending in Newton in June 2024, up by 13.6% month-over-month. Of the 92 sold homes, 43% were sold under asking, 9% were sold at asking, and 48% were sold over asking.
Days on Market for Newton, MA
How long does it take to sell a home in Newton, MA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
21 Days | 27 Days | +29.0% |
Summary: Homes in Newton had an average of 27 days on market in Jun 2024, up by 29% compared to last year.
Breakdown of Home Sale Times
71 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During June 2024, 92 homes were sold in Newton; 77% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.