Search Newburyport homes for sale with local expert, Alissa Christie
Newburyport, MA Housing Market Trends
As of March 2024, the median home price in Newburyport showed a 3.6% increase from the previous year, reaching $793K. Homes in Newburyport are also staying on the market longer, selling after an average of 23 days compared to just 14 days last year. Additionally, the number of homes sold in March rose to 16, up from 13 in the same month last year, indicating a more active market.
The Newburyport real estate market is highly competitive. Homes typically sell in about 23 days, and it's common for properties to receive multiple offers, often with buyers waiving contingencies. On average, homes sell at approximately their listed price and go pending within the same 23-day period. However, particularly desirable or "hot" homes may sell for around 5% above the listed price and can go pending in just about 14 days.
Nationally, 2% of homebuyers looking to relocate from different metropolitan areas are considering moving to Newburyport. The largest group of these prospective buyers comes from New York, making it the top external metro searching for homes in Newburyport. This is followed by interest from homebuyers in Hartford and San Francisco.
For detailed, up-to-date information on buying a house in Newburyport, including legal considerations and market trends, you can talk to us.
As of the latest data, the median sale price of homes in Newburyport is approximately $793,000. This reflects a competitive market with prices trending upwards.
On average, homes in Newburyport tend to sell around their listing price, but "hot" properties can sell for about 5% above the listed price due to competitive bidding.
The market is influenced by a mix of local demand and interest from buyers outside the metro area, especially from New York, Hartford, and San Francisco. Additionally, the trend of homes receiving multiple offers, some with waived contingencies, indicates a strong seller's market.
Newburyport is popular among homebuyers due to its scenic coastal beauty, historic charm, and vibrant community life. It's a desirable location for those seeking a quieter lifestyle while still having access to urban amenities.
Sellers should focus on making their homes appealing through staging, high-quality photography, and addressing any necessary repairs. Given the competitive nature of the market, well-presented homes tend to sell faster and for better prices.
Buyers should be prepared to act quickly due to the fast-paced market and consider flexibility with contingencies to make their offers more attractive. Working with a local real estate agent who understands the Newburyport market can also provide a significant advantage.
Whether you're considering buying a home or have questions about the Newburyport real estate market, we're here to help. Contact us today to explore your options and discover why Newburyport could be your perfect next move. Don't miss out on your dream home—reach out now and take the first step towards living in this charming coastal town!
Curious about living in Newburyport, MA? Dive into our comprehensive neighborhood guide to get a firsthand look at what makes this historic coastal town so unique. From scenic spots and local eateries to shopping destinations and community events, our guide covers everything you need to know. Start exploring today to see why Newburyport is the ideal place for your next home!
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