Is West Newton, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, West Newton was a Buyer's Market.
Housing Prices in West Newton, MA
How much do homes in West Newton, MA cost?
Median Sold Price
$1,200,000
$540/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in West Newton was $1,200,000 in April 2024, down 8.4% from last year, and the median price per square foot was $540.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $475K | - | N/A |
2 Bedrooms | $700K | $754K | +7.7% |
3 Bedrooms | $1.0M | $877.5K | -12.6% |
4 Bedrooms | $1.4M | $1.2M | -11.8% |
5+ Bedrooms | $2.8M | $2.8M | -1.4% |
Summary: West Newton 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 7.7%, 3 bedroom homes decreased by 12.6%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes decreased by 1.4%.
Median Sold Price Compared To Nearby Neighborhoods
Nonantum | $980K | $1.1M | +13.3% |
Newtonville | $1.3M | $1.4M | +10.7% |
Auburndale | $1.1M | $1.2M | +4.2% |
Southside | $725K | $750K | +3.4% |
West Newton | $1.3M | $1.2M | -8.4% |
Housing Supply in West Newton, MA
How many homes are available in West Newton, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 31 | -3.1% |
Summary: The West Newton real estate market had 31 homes for sale in April 2024, a 3.1% 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 | 2 | 2 | 0.0% |
3 Bedrooms | 7 | 7 | 0.0% |
4 Bedrooms | 12 | 9 | -25.0% |
5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The West Newton 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 9 | +12.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in West Newton in April 2024, up by 12.5% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for West Newton, MA
How long does it take to sell a home in West Newton, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 56 Days | +255.6% |
Summary: Homes in West Newton had an average of 56 days on market in Apr 2024, up by 255.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in West Newton; 33% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.