Is Salisbury Street / Newton Square, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Salisbury Street / Newton Square has remained a Seller's Market.
Key Takeaway
Salisbury Street / Newton Square is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Salisbury Street / Newton Square, MA
How much do homes in Salisbury Street / Newton Square, MA cost?
Median Sold Price
$500,000
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Salisbury Street / Newton Square have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Salisbury Street / Newton Square was $500,000 in April 2024, up 10.5% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $356.5K | $420K | +17.8% |
| 3 Bedrooms | $420K | $450K | +7.1% |
| 4 Bedrooms | $450K | $500K | +11.1% |
| 5+ Bedrooms | $620K | $650K | +4.8% |
Summary: Salisbury Street / Newton Square housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Elm Park | $372K | $425K | +14.2% |
| Tatnuck | $379.9K | $425K | +11.9% |
| West Worcester | $401K | $448K | +11.7% |
| Salisbury Street / Newton Square | $452.5K | $500K | +10.5% |
| Forest Grove | $442K | $488.5K | +10.5% |
Housing Supply in Salisbury Street / Newton Square, MA
How many homes are available in Salisbury Street / Newton Square, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 19 | -29.6% |
Summary: The Salisbury Street / Newton Square real estate market had 19 homes for sale in April 2024, a 29.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 10 | 6 | -40.0% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Salisbury Street / Newton Square housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 40%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 5 | -54.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Salisbury Street / Newton Square, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Salisbury Street / Newton Square in April 2024, down by 54.5% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Salisbury Street / Newton Square, MA
How long does it take to sell a home in Salisbury Street / Newton Square, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 19 Days | 23 Days | +19.6% |
Summary: Homes in Salisbury Street / Newton Square had an average of 23 days on market in Apr 2024, up by 19.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Salisbury Street / Newton Square are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Salisbury Street / Newton Square; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
