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 December 2021

Since last year, West Newbury has remained a Seller's Market.

Key Takeaway

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

How much do homes in West Newbury, MA cost?

Median Sold Price

$772,500

$335/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

-$37,500(-4.6%)

Key Takeaway

Homes in West Newbury have sold for 4.6% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 --
N/A
2 $507.5K$549K
+8.2%
3 $699.9K$755K
+7.9%
4 $885K$875K
-1.1%
5+ $1.1M$1.8M
+59.8%

Median Sold Price Compared To Nearby Cities

Amesbury Town
+13.5%
Amesbury
+13.5%
Merrimac
+7.1%
West Newbury
-4.6%

How many homes are available in West Newbury, MA?

Number of Homes For Sale

Nov 2022Dec 2022%
116-45.5%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 00
0.0%
2 22
0.0%
3 43
-25.0%
4 31
-66.7%
5+ 20
-100.0%

Number of Homes Sold

Nov 2022Dec 2022%
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.

Average Sale Time

Dec 2021Dec 2022%
54 Days18 Days-66.0%

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About West Newbury, MA

There are 6 homes are for sale in West Newbury, MA real estate market. The number of homes for sale in West Newbury, MA decreased by 45.5% between November 2022 and December 2022. In December 2022 median list price was $772,500 and the average listing age was 18 days. This housing market listing prices have changed between November 2022 and December 2022: 1 bedroom properties became 0% more expensive, 2 bedrooms properties became 8.2% more expensive, 3 bedrooms properties became 7.9% more expensive, 4 bedrooms properties prices decreased by 1.1%, prices of 5 bedrooms properties increased by 59.8%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes did not move, volume of 2 bedrooms homes stayed the same, 3 bedrooms homes became 25% less available, volume of 4 bedrooms homes went down by 66.7%, number of 5 bedrooms homes decreased by 100%. West Newbury, MA housing market in December 2022 saw over 1 listings sold above listed price, more than 0 sold at listed price and over 1 sold below.

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