Newton, MA

Newton is a suburban city in Middlesex County, Massachusetts, United States. It is approximately 7 miles (11km) west of downtown Boston and is bordered by Boston (Brighton) and Watertown to the east. Rather than having a single city center, Newton is a patchwork of thirteen villages. According to the 2010 U.S. Census, the population of Newton was 85,146, making it the eleventh largest city in the state. Newton is served by three modes of mass transit run by the MBTA: light rail, commuter rail, and bus service. Newton's proximity to Boston and easy commute, along with its handsome housing stock, good public schools and safe and quiet neighborhoods, make it a desirable community for those who commute to Boston. Newton has consistently ranked as one of the best cities to live in in the country. In August 2012, Money magazine named Newton fourth best small city among places to live in America. Newton was settled in 1630 as part of "the newe towne", which became Cambridge in 1638; it became its own town in 1688. There are several historical sites of interest in the Newton area. These include Crystal Lake (which is fronted by several historical homes), the East Parish and West Parish Burying Grounds, and the Jackson Homestead, which now houses the Newton History Museum. Historian and local resident Diana Muir has written about the history surrounding Bullough's Pond; a scene from the 2008 production of The Women was also filmed there.

Newton, MA - Single Family Properties

 
Newton
  • Unit sales are up 53.1% to 49.
  • Months of supply in November was 3.3. This is up 51.3% from 2.2 in November of 2013.
  • Inventory is up by 43.6%.
Nearby Areas You May Be Interested In
  • Unit sales in Needham are up 133.3% to 28.
  • Unit sales in Wellesley in November were 26. This is up 62.5% from 16 in November of 2013.
  • Median price in Needham is up by 28.7%.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.
Changes Favoring Buyers
3 Months Ending November, 2014 % Chg From Nov, 2013
Inventory 187 30.8%
Months of Supply 4.0 44.3%
New Listings 236 21.6%
Changes Favoring Sellers
3 Months Ending November, 2014 % Chg From Nov, 2013
Unit Sales 137 17.1%
Median Sale Price $908,000 3.2%
Sales to List Price Ratio 98.8% 0.9%
Market Time (Days) 46 -6.1%
Price per Sq Ft for Sold $385 3.8%
Listings Under Contract 167 18.4%
 
Sales
There were 49 unit sales in November. This is up 53.1% from 32 in November of 2013. Sales/list price ratio in November moved down to 98.6% from 100.1% in October.

Prices
Median price in November was $822,000. This is down 24.2% from $1,085,000 in November of 2013. This is the lowest median price has been since October, 2013. 3-month median price of $908,000 in November was down a little from $1,001,900 in October but up marginally from $880,000 in November of 2013. Price per square foot in November was $380. This is down from $388 in October and down from $382 in November of 2013.

Inventory
Inventory of 158 in November was down 20.2% from 198 in October but up 43.6% from 110 in November of 2013. New listings of 41 in November were down substantially from 90 in October but up considerably from 28 in November of 2013. Months of supply of 3.3 in November was down somewhat from 4.2 in October but up substantially from 2.2 in November of 2013. This is the lowest months of supply has been since April, 2014.

Market Time
Days on market of 49 in November was up a little from 41 in October but down slightly from 59 in November of 2013. This is the highest days on market has been since June, 2014.

Change in Median Sale Price for Single Family Properties YTD From 2013 To 2014 for Towns in Middlesex County Ranked by Best Performance
Town % Change
Cambridge 38.37%
Lexington 20.23%
Concord 14.08%
Wayland 13.80%
North Reading 13.33%
Westford 13.18%
Weston 13.04%
Belmont 13.01%
Arlington 12.61%
Holliston 12.48%
Data From: MLSPIN
Towns with an average of at least 10 sales per month (maximum of 10 towns)
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Newton, MA - Single Family Properties

August Headlines
Newton
  • Price per square foot in August was $400. This is up 16.4% from $344 in August of 2013.
  • 3-month unit sales are down by 21.6%.
  • Days on market is up 41.9% to 44.
Other Towns In Middlesex County
  • Days on market in Weston is down 58.3% to 63.
  • Unit sales in Westford in August were 22. This is down 51.1% from 45 in August of 2013.
  • Days on market in Cambridge is up by 54.2%.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.
Changes Favoring Buyers
3 Months Ending August, 2014 % Chg From Aug, 2013
Unit Sales 214 -21.6%
Inventory 179 20.9%
Months of Supply 3.7 31.9%
Market Time (Days) 45 28.6%
New Listings 196 2.1%
Listings Under Contract 135 -4.9%
Changes Favoring Sellers
3 Months Ending August, 2014 % Chg From Aug, 2013
Median Sale Price $1,004,250 5.7%
Sales to List Price Ratio 100.2% 0.0%
Price per Sq Ft for Sold $368 0.3%
 
Sales
There were 69 unit sales in August. This is down 8.0% from 75 in August of 2013. Sales/list price ratio in August moved down to 99.3% from 101.0% in July.

Prices
Median price in August was $1,050,000. This is up 9.3% from $961,000 in August of 2013. 3-month median price of $1,004,250 in August was up marginally from $989,750 in July and up a little from $950,000 in August of 2013. Price per square foot in August was $400. This is up from $396 in July and up from $344 in August of 2013.

Inventory
Inventory of 170 in August was down 5.6% from 180 in July but up 18.1% from 144 in August of 2013. New listings of 57 in August were up just slightly from 56 in July and up marginally from 55 in August of 2013. Months of supply of 3.6 in August was down a little from 3.8 in July but up moderately from 2.8 in August of 2013.

Market Time
Days on market of 44 in August was up slightly from 39 in July and up considerably from 31 in August of 2013.

Change in Median Sale Price for Single Family Properties YTD From 2013 To 2014 for Towns in Middlesex County Ranked by Best Performance
Town % Change
Cambridge 31.34%
Lexington 20.59%
Belmont 15.20%
Melrose 14.90%
Holliston 14.75%
Weston 13.41%
Burlington 12.96%
Ashland 12.26%
Hudson 11.86%
Pepperell 11.74%
Data From: MLSPIN
Towns with an average of at least 10 sales per month (maximum of 10 towns)
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Newton, MA - Single Family Properties

July Headlines
Newton
  • Unit sales are down 37.7% to 66.
  • Months of supply in July was 3.9. This is up 47.9% from 2.6 in July of 2013.
  • Inventory is up by 31.7%.
Other Towns In Middlesex County
  • Days on market in Medford is up 194.1% to 50.
  • Months of supply in Lexington in July was 3.4. This is up 48.3% from 2.3 in July of 2013.
  • Median price in Holliston is up by 39.7%.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.
Changes Favoring Buyers
3 Months Ending July, 2014 % Chg From Jul, 2013
Unit Sales 192 -28.4%
Sales to List Price Ratio 100.3% -0.1%
Inventory 186 24.0%
Months of Supply 3.8 29.8%
New Listings 247 2.5%
Listings Under Contract 173 -17.6%
Changes Favoring Sellers
3 Months Ending July, 2014 % Chg From Jul, 2013
Median Sale Price $989,750 5.6%
Price per Sq Ft for Sold $399 4.8%
 
Sales
There were 66 unit sales in July. This is down 37.7% from 106 in July of 2013. Sales/list price ratio in July moved up to 101.0% from 100.3% in June.

Prices
Median price in July was $998,500. This is up 1.8% from $980,500 in July of 2013. 3-month median price of $989,750 in July was very slightly up from $986,500 in June and up modestly from $937,000 in July of 2013.

Inventory
Inventory of 183 in July was down 3.7% from 190 in June but up 31.7% from 139 in July of 2013. New listings of 56 in July were down moderately from 83 in June but up slightly from 51 in July of 2013. Months of supply of 3.9 in July was very slightly up from 3.8 in June and up substantially from 2.6 in July of 2013. On a year-over-year basis, months of supply has been rising for 7 months. This is the highest months of supply has been since June, 2012.

Market Time
Days on market of 39 in July was down somewhat from 51 in June but up a little from 33 in July of 2013. This is the lowest days on market has been since August, 2013.

Change in Median Sale Price for Single Family Properties YTD From 2013 To 2014 for Towns in Middlesex County Ranked by Best Performance
Town % Change
Cambridge 35.28%
Lexington 22.49%
Melrose 18.48%
Burlington 18.14%
Holliston 17.25%
Belmont 15.56%
Ashland 15.49%
Wayland 14.68%
Weston 14.49%
Arlington 13.84%
Data From: MLSPIN
Towns with an average of at least 10 sales per month (maximum of 10 towns)
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    Listings
    photo.aspx?mls=72073386&w=1024&h=768&n=0image_shadow.png
    FOR SALE

    7 Bed

    7.0 Bath

    10,920SqFt

    230 Dudley Rd,
    Newton, MA 02459

    $8,980,000

    Listed ByAdvisors Living - Back Bay

    MLS® #72073386 MLS® # 72073386 (Active)
    photo.aspx?mls=72069498&w=1024&h=768&n=0image_shadow.png
    FOR SALE

    6 Bed

    6.5 Bath

    9,282SqFt

    65 Essex Rd,
    Newton, MA 02467

    $7,550,000

    Listed ByLandVest, Inc.

    MLS® #72069498 MLS® # 72069498 (Active)
    photo.aspx?mls=72112401&w=1024&h=768&n=0image_shadow.png
    FOR SALE

    7 Bed

    5.0 Bath

    6,344SqFt

    244 Dudley Road,
    Newton, MA 02459

    $5,999,000

    Listed ByUnlimited Sotheby's International Realty

    MLS® #72112401 MLS® # 72112401 (Active)
    photo.aspx?mls=72109699&w=1024&h=768&n=0image_shadow.png
    FOR SALE

    6 Bed

    8.0 Bath

    11,386SqFt

    201 Highland Street,
    Newton, MA 02465

    $4,895,000

    Listed ByCompass

    MLS® #72109699 MLS® # 72109699 (Active)
    photo.aspx?mls=72101474&w=1024&h=768&n=0image_shadow.png
    FOR SALE

    6 Bed

    6.5 Bath

    7,800SqFt

    108 Reservoir Avenue,
    Newton, MA 02467

    $4,459,000

    Listed ByColdwell Banker Residential Brokerage - Newton - Centre St.

    MLS® #72101474 MLS® # 72101474 (Active)

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    Contact Info
    Agent
    The Walsh Team

    "Best Agents in America 2013"

    William Raveis Real Estate

    73 Central St.
    Wellesley  Massachusetts 02482

    508-934-4030 508-341-4904

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    The information in this listing was gathered from third party resources including the seller and public records. MLS® Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Content © 2017 MLS® Property Information Network, Inc.

    Last updated on Apr 30, 2017.



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    Last updated on Apr 30, 2017.

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