$10,000 Closing Credit*
$1,644,000
4,384 SqFt
5 Beds
•3 Full Baths, 1 Partial
#73314149, The Good Life Real Estate Group, Listing Office: Realty One Group Nest
Is Newbury, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$945,000
$439/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$116,000(+14.0%)
Key Takeaway
Homes in Newbury have sold for 14% more than they did a year ago.
Summary: The median home sold price in Newbury was $945,000 in November 2024, up 14% from last year, and the median price per square foot was $439.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $819K | N/A |
| 2 Bedrooms | $742.5K | $782.4K | +5.4% |
| 3 Bedrooms | $825K | $865K | +4.8% |
| 4 Bedrooms | $1.2M | $1.0M | -14.5% |
| 5+ Bedrooms | $1.1M | $1.2M | +9.3% |
Summary: Newbury housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 14.5%, and 5+ bedroom homes increased by 9.3%.
Median Sold Price Compared To Nearby Cities
| West Newbury | $740K | $894K | +20.8% |
| Newbury | $829K | $945K | +14.0% |
| Newburyport | $775K | $847.9K | +9.4% |
| Rowley | $796.5K | $685K | -14.0% |
Housing Supply in Newbury, MA
How many homes are available in Newbury, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 20 | -31.0% |
Summary: The Newbury real estate market had 20 homes for sale in November 2024, a 31.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 15 | 9 | -40.0% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Newbury housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 40%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newbury, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Newbury in November 2024, down by 40.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 45 Days | 24 Days | -47.1% |
Summary: Homes in Newbury had an average of 24 days on market in Nov 2024, down by 47.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 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 November 2024, 6 homes were sold in 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.
