Newton Residential Single Family Market Report Jan 2020.

Real Estate Agent with YourStories Realty Group MA# 9517963

 Newton Residential Single Family Market Report Jan 2020. Lots of things going on inside the 13 villages that comprise Newton. Issues right now with some development projects that include affordable housing.  There are a total of 165 properties in Active, UAG, Sold or some other form of "on the market" housing through the Multiple Listing Service MLSPIN in the Boston Area.

Single Family New Listings: 2 Median Liv. Area SqFt: 3,712 Median List $: $1,612,000 Median List $/SqFt: $418 Median DOM: 108  Now you may think this is odd the fact that DOM is 108 when they are new properties, and it is, but it is the way MLS deals with properties that were on the market, go off for a period of time and then come back on.

Single Family Active Listings: 57 Median Liv. Area SqFt: 3,606 Median List $: $1,700,000 Median List $/SqFt: $483 Median DOM: 103 

Single Family Contingent Listings: 2 Median Liv. Area SqFt: 4431.5 Median List $: $1,749,000 Median List $/SqFt: $397 Median DOM: 49 Median DTO: 24.5  What this is letting us know that the better you price your home the faster you are done with it and can get on to the next steps.

Single Family Under Agreement Listings: 21 Median Liv. Area SqFt: 2,820 Median List $: $1,125,000 Median List $/SqFt: $467 Median DOM: 56 Median DTO: 41 We will see where the final numbers end up when they go sold next month.

Single Family Sold Listings: 34 Median Liv. Area SqFt: 2,674 Median List $: $1,347,500 Median List $/SqFt: $472 Median DOM: 27.5 Median DTO: 20 Median Sale $: $1,325,000 Median Sale $/SqFt: $445  34 Sold homes gives us less than a months worth of inventory. That is text book Seller's Market, but don't be confused that does not mean you will get more for your home because of this.  Consumers are very smart at knowing what the value is.

Single Family Temporarily Withdrawn Listings: 11 Median Liv. Area SqFt: 2,418 Median List $: $1,199,000 Median List $/SqFt: $457 Median DOM: 72

Single Family Expired Listings: 26 Median Liv. Area SqFt: 3,926 Median List $: $1,662,000 Median List $/SqFt: $453 Median DOM: 100

Single Family Canceled Listings: 12 Median Liv. Area SqFt: 3,242 Median List $: $1,342,500 Median List $/SqFt: $437 Median DOM: 63

These last three stats count 49 homes that are not on the market right now. Expect all of them to come back on soon.Newton Community Pride is a Facebook page that will give you some insight into the fabric of the town. Newton Residential Single Family Market Report Jan 2020

Posted by

Larry Lawfer, Realtor®YourStories Realty, It's all about you,

Larry Lawfer


Realtor®, Director of Marketing

YourStories Realty Group powered by Castles Unlimited®

837 Beacon St

Newton, MA 02459, 617-774-8292

Comments (1)

Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

This is valuable real estate market data for home buyers and sellers in Newton, Larry.

Jan 16, 2020 06:25 AM