Is Newton Corner, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Newton Corner is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Newton Corner was a Seller's Market.

Key Takeaway

Newton Corner is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Newton Corner, MA

How much do homes in Newton Corner, MA cost?

Median Sold Price

$1,500,000

$562/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$31,000(+2.1%)

Key Takeaway

Homes in Newton Corner have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in Newton Corner was $1,500,000 in October 2024, up 2.1% from last year, and the median price per square foot was $562.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $478K$480K
0.4%
2 $723.5K$945K
+30.6%
3 $1.0M$1.0M
-4.7%
4 $1.8M$1.7M
-5.4%
5+ $1.9M$2.0M
+5.2%

Summary: Newton Corner housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.4%, 2 bedroom homes increased by 30.6%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes increased by 5.2%.

Median Sold Price Compared To Nearby Neighborhoods

Nonantum
+6.7%
Newton Centre
+2.9%
Newton Corner
+2.1%
Newtonville
-2.7%
Brighton
-18.6%

Housing Supply in Newton Corner, MA

How many homes are available in Newton Corner, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3647+30.6%

Summary: The Newton Corner real estate market had 47 homes for sale in October 2024, a 30.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 44
0.0%
2 36
+100.0%
3 610
+66.7%
4 910
+11.1%
5+ 1417
+21.4%

Summary: The Newton Corner 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 100%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 21.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
57+40.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Newton Corner, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Newton Corner in October 2024, up by 40.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.

Days on Market for Newton Corner, MA

How long does it take to sell a home in Newton Corner, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
21 Days39 Days+89.0%

Summary: Homes in Newton Corner had an average of 39 days on market in Oct 2024, up by 89% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Newton Corner are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 7 homes were sold in Newton Corner; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

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