2015 2nd Quarter Newton MA Single Family Property Report

Home prices remain strong in the Newton market. Listings are still selling quickly and for top dollar. It is a great time to sell!

Market figures will tell you a lot about the condition of a particular market. They could change often, so it is useful to remain up to date if you are looking to purchase or list in Newton. The 2015 2nd quarter Newton MA single family property report below provides updated information.

Prices of Single Family Properties in Newton MA

Home prices are a simple glance of a particular market. Single family real estate in Newton MA sold for 1393281 on average during 2nd quarter 2015. For the preceding year, it was $1,154,042. This is a 20.73 % change. In the year before that, the average was $1,115,803.

2015 $1,393,281
2014 $1,154,042
2013 $1,115,803

Newton MA Market Movement

Total number of listings sold tell you some things about the market. Few sales normally reflect reduced inventory, which may result in pent up demand and elevate home prices. This may be found in a sellers market. Alternatively, high inventory may cause a surplus. Home buyers can have the advantage in that case as sellers will vie to get their properties sold.

In Newton MA for the 2nd quarter 2015, the total number of listings sold was 161. This is a -20.59% change from the past year (which was162). Before that, it changed -20.59% from 204 to 162.

2015 161
2014 162
2013 204

Newton MA 2015 2nd Quarter Average Days On Market

Average days on market is the time it takes for a house to go under agreement. It can tell you how hot the market is and what advantage you might have as either a buyer or seller. When new listings are selling quickly, as a home buyer, you might not have the benefit of waiting to act as the home may be taken by another buyer. As a home seller, it is critical to establish sensible expectations for marketing efforts. Remember that the listed price and presentation of a specific property can influence this time frame.

The Average days on market in Newton MA for the 2nd quarter increased 28% from 50 to 64. In the time frame prior to that, it changed -7.41% from 54 to 50.

2015 64
2014 50
2013 54

2015 2nd Quarter Newton MA Single Family Property Report

For more 2015 2nd quarter Newton MA single family property report figures or reports for neighboring communities, contact Jeanne Umbrello, REALTOR at Wal-Lex Realty These statistics were compiled from the MA MLS Property Information Network, Inc. It is meant to offer a general understanding of the market, is not guaranteed accurate, and might not necessarily account for each single family sold in Newton.