Is West Newbury, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Newbury is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, West Newbury was a Buyer's Market.

Key Takeaway

West Newbury is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in West Newbury, MA

How much do homes in West Newbury, MA cost?

Median Sold Price

$753,500

$334/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$22,500(-2.9%)

Key Takeaway

Homes in West Newbury have sold for 2.9% less than they did a year ago.

Summary: The median home sold price in West Newbury was $753,500 in February 2024, down 2.9% from last year, and the median price per square foot was $334.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $549K$517.5K
-5.7%
3 $777K$719.5K
-7.4%
4 $875K$865K
-1.1%
5+ $1.1M$2.2M
+87.2%

Summary: West Newbury housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.7%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 87.2%.

Median Sold Price Compared To Nearby Cities

Merrimac
+7.1%
Amesbury
+6.9%
Amesbury Town
+6.8%
Byfield
+2.8%
West Newbury
-2.9%

Housing Supply in West Newbury, MA

How many homes are available in West Newbury, MA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
149-35.7%

Summary: The West Newbury real estate market had 9 homes for sale in February 2024, a 35.7% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 75
-28.6%
4 73
-57.1%
5+ 01
+100.0%

Summary: The West Newbury housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 57.1%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Newbury, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in West Newbury in February 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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

Feb 2023Feb 2024CHANGE
9 Days45 Days+405.6%

Summary: Homes in West Newbury had an average of 45 days on market in Feb 2024, up by 405.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in West Newbury are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 2 homes were sold in West Newbury; 50% of homes were sold within 30 days, 50% 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 1 Day Ago

Newest Listings in West Newbury, MA

Nearby Markets to West Newbury, MA

What housing markets are near West Newbury, MA?