$3,098,888
4,839 SqFt
5 Beds
•5 Full Baths, 1 Partial
#73320267, Olga Ban, Listing Office: Luxury Realty Partners
Is Newton, 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, 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
$1,500,000
$579/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$109,111(+7.8%)
Key Takeaway
Homes in Newton have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Newton was $1,500,000 in November 2024, up 7.8% from last year, and the median price per square foot was $579.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $505K | $521.2K | +3.2% |
| 2 Bedrooms | $756K | $794.5K | +5.1% |
| 3 Bedrooms | $1.0M | $1.1M | +6.4% |
| 4 Bedrooms | $1.6M | $1.6M | +2.5% |
| 5+ Bedrooms | $2.1M | $2.3M | +8.0% |
Summary: Newton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 8%.
Median Sold Price Compared To Nearby Cities
| Wellesley Hills | $1.9M | $2.2M | +12.2% |
| Newton Center | $1.6M | $1.8M | +11.1% |
| Newton | $1.3M | $1.5M | +7.8% |
| Weston | $2.2M | $2.3M | +5.1% |
| Needham Heights | $1.3M | $1.2M | -5.4% |
Housing Supply in Newton, MA
How many homes are available in Newton, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 305 | 260 | -14.8% |
Summary: The Newton real estate market had 260 homes for sale in November 2024, a 14.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 7 | -22.2% |
| 2 Bedrooms | 42 | 36 | -14.3% |
| 3 Bedrooms | 44 | 33 | -25.0% |
| 4 Bedrooms | 81 | 73 | -9.9% |
| 5+ Bedrooms | 129 | 111 | -14.0% |
Summary: The Newton housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 22.2%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 9.9%, and 5+ bedroom homes decreased by 14%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 58 | 60 | +3.4% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newton, you may be able to get a good deal. 63.3% of homes here sold below asking price last month.
Summary: A total of 60 homes were sold or pending in Newton in November 2024, up by 3.4% month-over-month. Of the 60 sold homes, 63% were sold under asking, 5% were sold at asking, and 32% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 36 Days | +10.3% |
Summary: Homes in Newton had an average of 36 days on market in Nov 2024, up by 10.3% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
7 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 November 2024, 60 homes were sold in Newton; 62% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
