Is Newton Center, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Newton Center was a Neutral Market.
Key Takeaway
Newton Center is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newton Center, MA
How much do homes in Newton Center, MA cost?
Median Sold Price
$1,750,000
$575/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Newton Center have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in Newton Center was $1,750,000 in March 2024, up 12.5% from last year, and the median price per square foot was $575.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $565K | $568K | 0.5% |
| 2 Bedrooms | $810K | $803.8K | -0.8% |
| 3 Bedrooms | $1.2M | $1.1M | -3.8% |
| 4 Bedrooms | $1.6M | $1.7M | +8.3% |
| 5+ Bedrooms | $2.5M | $2.4M | -2.6% |
Summary: Newton Center housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.5%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 2.6%.
Median Sold Price Compared To Nearby Cities
| Newton Center | $1.5M | $1.7M | +12.5% |
| Newton | $1.3M | $1.4M | +9.8% |
| Needham | $1.3M | $1.4M | +6.6% |
| Needham Heights | $1.2M | $1.3M | +4.6% |
| Chestnut Hill | $1.2M | $1.3M | 0.4% |
Housing Supply in Newton Center, MA
How many homes are available in Newton Center, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 | 69 | +46.8% |
Summary: The Newton Center real estate market had 69 homes for sale in March 2024, a 46.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 4 | 10 | +150.0% |
| 4 Bedrooms | 15 | 19 | +26.7% |
| 5+ Bedrooms | 22 | 34 | +54.5% |
Summary: The Newton Center housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 150%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes increased by 54.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 12 | +300.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newton Center, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Newton Center in March 2024, up by 300.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 42 Days | +51.2% |
Summary: Homes in Newton Center had an average of 42 days on market in Mar 2024, up by 51.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newton Center are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in Newton Center; 58% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
