$10,000 Closing Credit*
$1,095,000
3,128 SqFt
4 Beds
•2 Full Baths, 1 Partial
#73312349, Joanne Rodrigues, Listing Office: Redfin Corp.
Is West Newbury, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, West Newbury was a Seller's Market.
Key Takeaway
West Newbury is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in West Newbury, MA
How much do homes in West Newbury, MA cost?
Median Sold Price
$869,000
$371/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$89,000(+11.4%)
Key Takeaway
Homes in West Newbury have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in West Newbury was $869,000 in October 2024, up 11.4% from last year, and the median price per square foot was $371.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $517.5K | $757.4K | +46.4% |
| 3 Bedrooms | $740K | $862K | +16.5% |
| 4 Bedrooms | $857.4K | $967.5K | +12.8% |
| 5+ Bedrooms | $1.5M | $1.8M | +19.9% |
Summary: West Newbury housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 46.4%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 19.9%.
Median Sold Price Compared To Nearby Cities
| Byfield | $775K | $880K | +13.5% |
| West Newbury | $780K | $869K | +11.4% |
| Merrimac | $610K | $622.5K | +2.0% |
| Amesbury Town | $560K | $555K | -0.9% |
| Amesbury | $560K | $555K | -0.9% |
Housing Supply in West Newbury, MA
How many homes are available in West Newbury, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 19 | +26.7% |
Summary: The West Newbury real estate market had 19 homes for sale in October 2024, a 26.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 5 | 9 | +80.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The West Newbury 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 remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 80%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in West Newbury, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in West Newbury in October 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for West Newbury, MA
How long does it take to sell a home in West Newbury, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 56 Days | +253.1% |
Summary: Homes in West Newbury had an average of 56 days on market in Oct 2024, up by 253.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Newbury are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in West Newbury; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
