Is Newton, 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 was a Seller's Market.
Key Takeaway
Newton 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, MA
How much do homes in Newton, MA cost?
Median Sold Price
$1,450,000
$549/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Newton have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in Newton was $1,450,000 in March 2024, up 9.8% from last year, and the median price per square foot was $549.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $495K | $505K | +2.0% |
| 2 Bedrooms | $700K | $780K | +11.4% |
| 3 Bedrooms | $1.1M | $1.1M | +1.1% |
| 4 Bedrooms | $1.5M | $1.6M | +9.8% |
| 5+ Bedrooms | $2.2M | $2.1M | -4.0% |
Summary: Newton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes decreased by 4%.
Median Sold Price Compared To Nearby Cities
| Newton Center | $1.5M | $1.7M | +12.5% |
| Weston | $2.0M | $2.2M | +10.2% |
| Newton | $1.3M | $1.4M | +9.8% |
| Wellesley Hills | $2.0M | $2.2M | +7.3% |
| Needham Heights | $1.2M | $1.3M | +4.6% |
Housing Supply in Newton, MA
How many homes are available in Newton, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 224 | 278 | +24.1% |
Summary: The Newton real estate market had 278 homes for sale in March 2024, a 24.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 14 | 0.0% |
| 2 Bedrooms | 21 | 18 | -14.3% |
| 3 Bedrooms | 31 | 59 | +90.3% |
| 4 Bedrooms | 63 | 76 | +20.6% |
| 5+ Bedrooms | 95 | 111 | +16.8% |
Summary: The Newton 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 decreased by 14.3%, 3 bedroom homes increased by 90.3%, 4 bedroom homes increased by 20.6%, and 5+ bedroom homes increased by 16.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 35 | 46 | +31.4% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newton, you may be able to get a good deal. 52.2% of homes here sold below asking price last month.
Summary: A total of 46 homes were sold or pending in Newton in March 2024, up by 31.4% month-over-month. Of the 46 sold homes, 52% were sold under asking, 11% were sold at asking, and 37% were sold over asking.
Days on Market for Newton, MA
How long does it take to sell a home in Newton, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 31 Days | 38 Days | +22.1% |
Summary: Homes in Newton had an average of 38 days on market in Mar 2024, up by 22.1% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newton are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 46 homes were sold in Newton; 65% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
