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 seller's market

Buyer's
Market

Difference Since June 2023

Since last year, Newton Center has remained a Seller's 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

$1,792,500

$594/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$192,500(+12.0%)

Key Takeaway

Homes in Newton Center have sold for 12% more than they did a year ago.

Summary: The median home sold price in Newton Center was $1,792,500 in June 2024, up 12% from last year, and the median price per square foot was $594.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $560K$580K
+3.6%
2 $762.5K$804.4K
+5.5%
3 $1.1M$1.3M
+16.0%
4 $1.6M$1.8M
+12.5%
5+ $2.5M$2.5M
0.0%

Summary: Newton Center housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Needham
+19.7%
Newton Center
+12.0%
Needham Heights
+8.3%
Newton
+6.9%
Chestnut Hill
-1.2%

Housing Supply in Newton Center, MA

How many homes are available in Newton Center, MA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
95950.0%

Summary: The Newton Center real estate market had 95 homes for sale in June 2024, the same as May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 44
0.0%
2 98
-11.1%
3 1312
-7.7%
4 2526
+4.0%
5+ 4445
+2.3%

Summary: The Newton Center housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 2.3%.

Number of Homes Sold

May 2024Jun 2024CHANGE
2518-28.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

6 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Newton Center in June 2024, down by 28.0% month-over-month. Of the 18 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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

Jun 2023Jun 2024CHANGE
17 Days23 Days+36.7%

Summary: Homes in Newton Center had an average of 23 days on market in Jun 2024, up by 36.7% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 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 June 2024, 18 homes were sold in Newton Center; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% 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 12 Days Ago

Newest Listings in Newton Center, MA

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