$4,499,000
6,750 SqFt
10 Beds
•8 Full Baths, 2 Partial
#73308094, Jorge Zea, Listing Office: Jorge Andres Zea
Is Newton Center, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $562.5K | $567.5K | +0.9% |
| 2 Bedrooms | $772K | $807.5K | +4.6% |
| 3 Bedrooms | $1.1M | $1.4M | +25.6% |
| 4 Bedrooms | $1.7M | $1.7M | +3.2% |
| 5+ Bedrooms | $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 | $1.3M | $1.5M | +18.0% |
| Newton Center | $1.6M | $1.8M | +13.0% |
| Newton | $1.3M | $1.4M | +10.2% |
| Needham Heights | $1.2M | $1.3M | 0.4% |
| Chestnut Hill | $1.3M | $1.2M | -1.5% |
Housing Supply in Newton Center, MA
How many homes are available in Newton Center, MA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 75 | 83 | +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
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 22 | 18 | -18.2% |
| 5+ Bedrooms | 34 | 47 | +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 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 21 | 13 | -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
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 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 35 Days | 44 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
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.
