$10,000 Closing Credit*
$2,325,000
5,120 SqFt
5 Beds
•3 Full Baths, 1 Partial
#73304480, Brian Cossette, Listing Office: RE/MAX Bentley's
Is West Newbury, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, West Newbury was a Neutral Market.
Key Takeaway
West Newbury is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Newbury, MA
How much do homes in West Newbury, MA cost?
Median Sold Price
$894,000
$370/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$154,000(+20.8%)
Key Takeaway
Homes in West Newbury have sold for 20.8% more than they did a year ago.
Summary: The median home sold price in West Newbury was $894,000 in November 2024, up 20.8% from last year, and the median price per square foot was $370.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $517.5K | $757.4K | +46.4% |
| 3 Bedrooms | $709K | $869K | +22.6% |
| 4 Bedrooms | $865K | $1.0M | +22.3% |
| 5+ Bedrooms | $660K | $1.8M | +187.1% |
Summary: West Newbury 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 46.4%, 3 bedroom homes increased by 22.6%, 4 bedroom homes increased by 22.3%, and 5+ bedroom homes increased by 187.1%.
Median Sold Price Compared To Nearby Cities
| West Newbury | $740K | $894K | +20.8% |
| Merrimac | $577.5K | $646K | +11.9% |
| Amesbury Town | $575K | $547K | -4.9% |
| Amesbury | $575K | $547K | -4.9% |
Housing Supply in West Newbury, MA
How many homes are available in West Newbury, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 15 | -11.8% |
Summary: The West Newbury real estate market had 15 homes for sale in November 2024, a 11.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The West Newbury 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 increased by 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Newbury, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in West Newbury in November 2024, up by 200.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 44 Days | +106.9% |
Summary: Homes in West Newbury had an average of 44 days on market in Nov 2024, up by 106.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in West Newbury has remained consistent over time.
Summary: During November 2024, 6 homes were sold in West Newbury; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
