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 April 2023

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.

Housing Prices in Newton, MA

How much do homes in Newton, MA cost?

Median Sold Price

$1,445,200

$553/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$106,033(+7.9%)

Key Takeaway

Homes in Newton have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in Newton was $1,445,200 in April 2024, up 7.9% from last year, and the median price per square foot was $553.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $487.5K$507.5K
+4.1%
2 $700K$777.5K
+11.1%
3 $1.1M$1.1M
0.0%
4 $1.5M$1.6M
+10.1%
5+ $2.2M$2.1M
-7.2%

Summary: Newton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 11.1%, 3 bedroom homes did not change, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes decreased by 7.2%.

Median Sold Price Compared To Nearby Cities

Wellesley Hills
+10.0%
Newton Center
+9.2%
Needham Heights
+8.3%
Newton
+7.9%
Weston
+5.3%

Housing Supply in Newton, MA

How many homes are available in Newton, MA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
274313+14.2%

Summary: The Newton real estate market had 313 homes for sale in April 2024, a 14.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 1411
-21.4%
2 2026
+30.0%
3 5462
+14.8%
4 7478
+5.4%
5+ 112136
+21.4%

Summary: The Newton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 21.4%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 21.4%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
5066+32.0%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

31 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. 47% of homes here sold below asking price last month.

Summary: A total of 66 homes were sold or pending in Newton in April 2024, up by 32.0% month-over-month. Of the 66 sold homes, 47% were sold under asking, 6% were sold at asking, and 47% 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

Apr 2023Apr 2024CHANGE
34 Days26 Days-23.2%

Summary: Homes in Newton had an average of 26 days on market in Apr 2024, down by 23.2% compared to last year.

Breakdown of Home Sale Times

48 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

4 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.

Summary: During April 2024, 66 homes were sold in Newton; 73% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 19 Days Ago

Newest Listings in Newton, MA

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