$10,000 Closing Credit*
$975,000
1,532 SqFt
2 Beds
•2 Full Baths
#73313201, Beth Rosenberg, Listing Office: Sterling Properties
Is Newton, 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, Newton has remained a Seller's Market.
Key Takeaway
Newton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newton, MA
How much do homes in Newton, MA cost?
Median Sold Price
$1,490,000
$577/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$89,750(+6.4%)
Key Takeaway
Homes in Newton have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Newton was $1,490,000 in October 2024, up 6.4% from last year, and the median price per square foot was $577.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $496.2K | $521.2K | +5.0% |
| 2 Bedrooms | $750K | $800K | +6.7% |
| 3 Bedrooms | $1.0M | $1.1M | +9.0% |
| 4 Bedrooms | $1.6M | $1.6M | +3.0% |
| 5+ Bedrooms | $2.1M | $2.2M | +2.6% |
Summary: Newton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Cities
| Wellesley Hills | $1.9M | $2.2M | +13.6% |
| Newton Center | $1.6M | $1.8M | +13.5% |
| Newton | $1.4M | $1.4M | +6.4% |
| Needham Heights | $1.2M | $1.2M | +0.8% |
| Weston | $2.2M | $2.2M | 0.0% |
Housing Supply in Newton, MA
How many homes are available in Newton, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 286 | 320 | +11.9% |
Summary: The Newton real estate market had 320 homes for sale in October 2024, a 11.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 11 | -15.4% |
| 2 Bedrooms | 31 | 41 | +32.3% |
| 3 Bedrooms | 43 | 43 | 0.0% |
| 4 Bedrooms | 72 | 88 | +22.2% |
| 5+ Bedrooms | 127 | 137 | +7.9% |
Summary: The Newton housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 15.4%, 2 bedroom homes increased by 32.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 7.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 50 | 54 | +8.0% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newton, you may be able to get a good deal. 57.4% of homes here sold below asking price last month.
Summary: A total of 54 homes were sold or pending in Newton in October 2024, up by 8.0% month-over-month. Of the 54 sold homes, 57% were sold under asking, 11% were sold at asking, and 31% were sold over asking.
Days on Market for Newton, MA
How long does it take to sell a home in Newton, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 38 Days | -16.1% |
Summary: Homes in Newton had an average of 38 days on market in Oct 2024, down by 16.1% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newton are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 54 homes were sold in Newton; 61% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
