Is Newton Center, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Newton Center has remained a Seller's Market.
Housing Prices in Newton Center, MA
How much do homes in Newton Center, MA cost?
Median Sold Price
$1,782,500
$580/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Newton Center was $1,782,500 in May 2024, up 15.6% from last year, and the median price per square foot was $580.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $560K | $580K | +3.6% |
2 Bedrooms | $762.5K | $804.4K | +5.5% |
3 Bedrooms | $1.2M | $1.2M | +5.4% |
4 Bedrooms | $1.6M | $1.7M | +8.6% |
5+ Bedrooms | $2.5M | $2.4M | -2.0% |
Summary: Newton Center housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Cities
Newton Center | $1.5M | $1.7M | +15.6% |
Needham | $1.3M | $1.5M | +11.8% |
Chestnut Hill | $1.2M | $1.3M | +9.4% |
Newton | $1.3M | $1.4M | +8.4% |
Needham Heights | $1.3M | $1.4M | +7.9% |
Housing Supply in Newton Center, MA
How many homes are available in Newton Center, MA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
79 | 90 | +13.9% |
Summary: The Newton Center real estate market had 90 homes for sale in May 2024, a 13.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 9 | 13 | +44.4% |
4 Bedrooms | 25 | 25 | 0.0% |
5+ Bedrooms | 36 | 43 | +19.4% |
Summary: The Newton Center housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 44.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 19.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 22 | +57.1% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Newton Center in May 2024, up by 57.1% month-over-month. Of the 22 sold homes, 59% were sold under asking, 0% were sold at asking, and 41% were sold over asking.
Days on Market for Newton Center, MA
How long does it take to sell a home in Newton Center, MA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
53 Days | 34 Days | -35.8% |
Summary: Homes in Newton Center had an average of 34 days on market in May 2024, down by 35.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 22 homes were sold in Newton Center; 55% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.