Is West Newbury, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, West Newbury has remained a Seller's Market.
Housing Prices in West Newbury, MA
How much do homes in West Newbury, MA cost?
Median Sold Price
$817,450
$342/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in West Newbury was $817,450 in June 2024, up 1.3% from last year, and the median price per square foot was $342.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $516.2K | $757.4K | +46.7% |
3 Bedrooms | $807K | $750K | -7.1% |
4 Bedrooms | $889.9K | $985K | +10.7% |
5+ Bedrooms | $1.1M | $1.8M | +61.3% |
Summary: West Newbury housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 46.7%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 61.3%.
Median Sold Price Compared To Nearby Cities
Byfield | $733.4K | $829K | +13.0% |
Merrimac | $575K | $602.5K | +4.8% |
West Newbury | $807K | $817.4K | +1.3% |
Amesbury Town | $558.3K | $555K | -0.6% |
Amesbury | $558.3K | $555K | -0.6% |
Housing Supply in West Newbury, MA
How many homes are available in West Newbury, MA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
15 | 13 | -13.3% |
Summary: The West Newbury real estate market had 13 homes for sale in June 2024, a 13.3% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 9 | 9 | 0.0% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The West Newbury 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 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in West Newbury in June 2024, up by 25.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 40% were sold at asking, and 60% were sold over asking.
Days on Market for West Newbury, MA
How long does it take to sell a home in West Newbury, MA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
26 Days | 23 Days | -14.4% |
Summary: Homes in West Newbury had an average of 23 days on market in Jun 2024, down by 14.4% 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
Summary: During June 2024, 5 homes were sold in West Newbury; 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.