Is Newton, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS | Dec 2021 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | $457.5K | $482.5K | +5.5% |
| 2 Bedrooms | $675K | $700K | +3.7% |
| 3 Bedrooms | $1.0M | $1.1M | +10.5% |
| 4 Bedrooms | $1.3M | $1.5M | +8.3% |
| 5+ Bedrooms | $1.8M | $2.2M | +19.4% |
Median Sold Price Compared To Nearby Cities
| Weston | $1.9M | $2.2M | +15.2% |
| Needham Heights | $1.0M | $1.1M | +15.0% |
| Wellesley Hills | $1.7M | $2.0M | +14.2% |
| Newton Center | $1.4M | $1.5M | +7.0% |
| Newton | $1.2M | $1.3M | +4.9% |
How many homes are available in Newton, MA?
Number of Homes For Sale
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 217 | 164 | -24.4% |
Homes For Sale By Bedroom Count
| # BEDS | Nov 2022 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | 11 | 8 | -27.3% |
| 2 Bedrooms | 25 | 18 | -28.0% |
| 3 Bedrooms | 53 | 38 | -28.3% |
| 4 Bedrooms | 45 | 34 | -24.4% |
| 5+ Bedrooms | 83 | 66 | -20.5% |
Number of Homes Sold
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 69 | 52 | -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
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 2021 | Dec 2022 | % |
|---|---|---|
| 27 Days | 32 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
Key Takeaway
Many homes in Newton are selling fast, if you're buying plan to act quickly.
