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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Newton Center is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Newton Center was a Seller's Market.

Key Takeaway

Newton Center is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Newton Center, MA

How much do homes in Newton Center, MA cost?

Median Sold Price

$1,837,000

$616/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$212,000(+13.0%)

Key Takeaway

Homes in Newton Center have sold for 13% more than they did a year ago.

Summary: The median home sold price in Newton Center was $1,837,000 in September 2024, up 13% from last year, and the median price per square foot was $616.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $562.5K$567.5K
+0.9%
2 $772K$807.5K
+4.6%
3 $1.1M$1.4M
+25.6%
4 $1.7M$1.7M
+3.2%
5+ $2.3M$2.6M
+12.1%

Summary: Newton Center housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.9%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 25.6%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 12.1%.

Median Sold Price Compared To Nearby Cities

Needham
+18.0%
Newton Center
+13.0%
Newton
+10.2%
Needham Heights
0.4%
Chestnut Hill
-1.5%

Housing Supply in Newton Center, MA

How many homes are available in Newton Center, MA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
7583+10.7%

Summary: The Newton Center real estate market had 83 homes for sale in September 2024, a 10.7% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 65
-16.7%
3 1212
0.0%
4 2218
-18.2%
5+ 3447
+38.2%

Summary: The Newton Center housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 38.2%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2113-38.1%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Newton Center, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Newton Center in September 2024, down by 38.1% month-over-month. Of the 13 sold homes, 46% were sold under asking, 15% were sold at asking, and 38% were sold over asking.

Days on Market for Newton Center, MA

How long does it take to sell a home in Newton Center, MA?

Average Sale Time

Sep 2023Sep 2024CHANGE
35 Days44 Days+26.8%

Summary: Homes in Newton Center had an average of 44 days on market in Sep 2024, up by 26.8% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Newton Center are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 13 homes were sold in Newton Center; 46% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 15% 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 24 Days Ago

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