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 2020

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

$1,249,250

$496/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$144,583(+13.1%)

Key Takeaway

Homes in Newton have sold for 13.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $463.7K$457.5K
-1.3%
2 $635K$675K
+6.3%
3 $925K$989K
+6.9%
4 $1.2M$1.3M
+15.6%
5+ $1.8M$1.8M
+4.5%

Median Sold Price Compared To Nearby Cities

Weston
+29.8%
Newton Center
+14.7%
Newton
+13.1%
Wellesley Hills
+9.9%
Needham Heights
+7.6%

How many homes are available in Newton, MA?

Number of Homes For Sale

Nov 2021Dec 2021%
297250-15.8%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 1613
-18.8%
2 2719
-29.6%
3 7964
-19.0%
4 7663
-17.1%
5+ 9991
-8.1%

Number of Homes Sold

Nov 2021Dec 2021%
7898+25.6%

Asking Price vs. Sold Price

40 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

50 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Newton, you could pay more than the asking price. 51% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
41 Days27 Days-32.5%

Breakdown of Home Sale Times

68 Homes Were Sold
Under 30 Days

27 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.

About Newton, MA

Number of homes for sale in Newton, MA real estate market have reached 250. The inventory of homes for sale in Newton, MA between November 2021 and December 2021 decreased by 15.8%. While the average time on the market in December 2021 was 27 days, the median list price was $1,249,250. From November 2021 through December 2021, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went down by 1.3%, 2 bedrooms properties became 6.3% more expensive, prices of 3 bedrooms properties went up by 6.9%, 4 bedrooms properties prices increased by 15.6%, the cost of 5 bedrooms properties went up by 4.5%. Volume of homes for sale changed: 1 bedroom homes inventory decreased by 18.8%, 2 bedrooms homes became 29.6% less available, the quantity of 3 bedrooms homes went down by 19%, 4 bedrooms homes inventory decreased by 17.1%, 5 bedrooms homes inventory decreased by 8.1%. While more than 50 listings in Newton, MA in December 2021 were sold above asking price, there were more than 8 listings sold at asking price, and more than 40 were sold below.

Related Housing Market Reports