$6,530 Closing Credit*
$549,900
2,283 SqFt
6 Beds
•2 Full Baths, 1 Partial
#73318172, Colleen Griffin, Listing Office: RE/MAX Vision
Is Salisbury Street / Newton Square, 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, Salisbury Street / Newton Square has remained a Seller's Market.
Key Takeaway
Salisbury Street / Newton Square is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Salisbury Street / Newton Square, MA
How much do homes in Salisbury Street / Newton Square, MA cost?
Median Sold Price
$519,000
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$54,000(+11.6%)
Key Takeaway
Homes in Salisbury Street / Newton Square have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in Salisbury Street / Newton Square was $519,000 in November 2024, up 11.6% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $356.5K | $536.4K | +50.5% |
| 3 Bedrooms | $447.5K | $457.5K | +2.2% |
| 4 Bedrooms | $470K | $534K | +13.6% |
| 5+ Bedrooms | $620K | $660K | +6.5% |
Summary: Salisbury Street / Newton Square 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 50.5%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 6.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Salisbury Street / Newton Square | $465K | $519K | +11.6% |
| Forest Grove | $465K | $506.2K | +8.9% |
| West Worcester | $425.6K | $460.1K | +8.1% |
| Elm Park | $430K | $392K | -8.8% |
Housing Supply in Salisbury Street / Newton Square, MA
How many homes are available in Salisbury Street / Newton Square, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 27 | -27.0% |
Summary: The Salisbury Street / Newton Square real estate market had 27 homes for sale in November 2024, a 27.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 16 | 8 | -50.0% |
Summary: The Salisbury Street / Newton Square 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 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -36.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Salisbury Street / Newton Square, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Salisbury Street / Newton Square in November 2024, down by 36.4% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for Salisbury Street / Newton Square, MA
How long does it take to sell a home in Salisbury Street / Newton Square, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 41 Days | +108.3% |
Summary: Homes in Salisbury Street / Newton Square had an average of 41 days on market in Nov 2024, up by 108.3% 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
Key Takeaway
Many homes in Salisbury Street / Newton Square are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Salisbury Street / Newton Square; 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.
