$9,499 Closing Credit*
$799,900
2,100 SqFt
3 Beds
•1 Full Bath
#73312782, Robert Bentley, Listing Office: RE/MAX Bentley's
Is Newbury, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Newbury has remained a Seller's Market.
Key Takeaway
Newbury is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newbury, MA
How much do homes in Newbury, MA cost?
Median Sold Price
$975,000
$445/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$147,000(+17.8%)
Key Takeaway
Homes in Newbury have sold for 17.8% more than they did a year ago.
Summary: The median home sold price in Newbury was $975,000 in October 2024, up 17.8% from last year, and the median price per square foot was $445.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $819K | N/A |
| 2 Bedrooms | $748.7K | $800K | +6.8% |
| 3 Bedrooms | $825K | $865K | +4.8% |
| 4 Bedrooms | $1.1M | $1.2M | +8.1% |
| 5+ Bedrooms | $1.1M | $1.2M | +9.3% |
Summary: Newbury housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 9.3%.
Median Sold Price Compared To Nearby Cities
| Newbury | $828K | $975K | +17.8% |
| Byfield | $775K | $880K | +13.5% |
| West Newbury | $780K | $869K | +11.4% |
| Newburyport | $770K | $847.9K | +10.1% |
Housing Supply in Newbury, MA
How many homes are available in Newbury, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 32 | +3.2% |
Summary: The Newbury real estate market had 32 homes for sale in October 2024, a 3.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Newbury housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newbury, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Newbury in October 2024, up by 66.7% month-over-month. Of the 10 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Newbury, MA
How long does it take to sell a home in Newbury, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 48 Days | +38.7% |
Summary: Homes in Newbury had an average of 48 days on market in Oct 2024, up by 38.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newbury are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Newbury; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
