Newton, a sought-after suburb with a blend of urban sophistication and suburban charm, showed dynamic housing market trends in October 2024. Here’s a detailed snapshot:
Newton City Hall in Massachusetts
Key Market Statistics
- Median Sale Price: $1,950,000 (an increase, highlighting Newton’s luxury appeal)
- Average Days on Market: 43 days (a decline, indicating faster sales)
- Number of Homes Sold: 33 (a decrease, showing tempered buyer activity)
- Active Listings: 156 (an increase, offering more choices for buyers)
Trends and Insights
Newton’s rising median sale price underscores its premium housing market, while faster sales reflect strong demand for high-value homes. The decrease in homes sold suggests cautious buyer behavior amidst higher prices and an abundance of listings.
Why Newton?
Newton’s top-rated schools, proximity to Boston, and diverse neighborhoods make it a top choice for families and professionals alike.
Buyer and Seller Tips
- For Buyers: Explore the broad inventory but prepare for competition in the luxury segment.
- For Sellers: Leverage the appeal of Newton’s amenities and price strategically for quicker results.