$10,000 Closing Credit*
$1,275,000
2,759 SqFt
4 Beds
•3 Full Baths, 1 Partial
#73312987, Vincent Forzese, Listing Office: Realty One Group Nest
Is Newburyport, 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, Newburyport has remained a Seller's Market.
Key Takeaway
Newburyport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newburyport, MA
How much do homes in Newburyport, MA cost?
Median Sold Price
$847,983
$525/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$77,983(+10.1%)
Key Takeaway
Homes in Newburyport have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in Newburyport was $847,983 in October 2024, up 10.1% from last year, and the median price per square foot was $525.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $415K | $408K | -1.7% |
| 2 Bedrooms | $622.5K | $630K | +1.2% |
| 3 Bedrooms | $820K | $975K | +18.9% |
| 4 Bedrooms | $1.4M | $1.2M | -10.7% |
| 5+ Bedrooms | $1.2M | $1.3M | +7.3% |
Summary: Newburyport housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.7%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 18.9%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes increased by 7.3%.
Median Sold Price Compared To Nearby Cities
| Salisbury | $550K | $638.7K | +16.1% |
| West Newbury | $780K | $869K | +11.4% |
| Newburyport | $770K | $847.9K | +10.1% |
| Amesbury | $560K | $555K | -0.9% |
| Amesbury Town | $560K | $555K | -0.9% |
Housing Supply in Newburyport, MA
How many homes are available in Newburyport, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 95 | 104 | +9.5% |
Summary: The Newburyport real estate market had 104 homes for sale in October 2024, a 9.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 28 | 35 | +25.0% |
| 3 Bedrooms | 30 | 30 | 0.0% |
| 4 Bedrooms | 20 | 22 | +10.0% |
| 5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The Newburyport housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 32 | +77.8% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newburyport, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Newburyport in October 2024, up by 77.8% month-over-month. Of the 32 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.
Days on Market for Newburyport, MA
How long does it take to sell a home in Newburyport, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 36 Days | +5.2% |
Summary: Homes in Newburyport had an average of 36 days on market in Oct 2024, up by 5.2% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newburyport are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 32 homes were sold in Newburyport; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
