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West Newbury, MA Housing Market Trends
In July 2024, the real estate market in West Newbury, MA, experienced a notable shift, with home prices decreasing by 14.6% compared to the same period last year. The median price for homes for sale in West Newbury, MA, settled at $743K. Despite this price drop, houses for sale in West Newbury, MA, are moving faster, with an average of just 18 days on the market, compared to 30 days last year. However, the number of homes sold also saw a decline, with only 3 transactions completed this July, down from 8 the previous year. This trend reflects a tighter inventory and potentially more competitive conditions for buyers in the area.
West Newbury, MA, is a highly competitive real estate market, with homes for sale in West Newbury typically going under contract in about 25 days. Many houses for sale in West Newbury, MA, attract multiple offers, often with some buyers waiving contingencies to secure their desired property. On average, homes sell close to their list price, reflecting the strong demand in the area. However, "hot" homes—those particularly sought after—can sell for approximately 3% above the list price and tend to go pending in as little as 17 days. This indicates a robust market where buyers need to act quickly to secure their homes.
Nationally, around 2% of homebuyers are looking to relocate to West Newbury from outside metropolitan areas. Among these potential buyers, those from New York have shown the most interest in moving to West Newbury, MA, followed closely by homebuyers from Hartford and Washington, D.C. This trend highlights West Newbury's growing appeal to individuals from major urban centers, possibly drawn by its suburban charm and more relaxed lifestyle.
For detailed, up-to-date information on buying a house in West Newbury, including legal considerations and market trends, you can talk to us.
Whether you have questions about the West Newbury MA real estate market or you're ready to explore homes for sale in West Newbury, MA, our experienced team is here to help. Don't miss out on the perfect property—reach out to us now and let us guide you every step of the way!
Explore our comprehensive neighborhood guide to learn more about what makes West Newbury, MA, such a sought-after place to live. From local amenities to the latest West Newbury MA real estate trends, our guide has everything you need to know before finding your perfect home among the beautiful houses for sale in West Newbury, MA. Start your journey today!
Expert Approaches to Showcase Your Home and Maximize Interest.
02/4/25 | Alissa ChristieProfessional Tips to Transform Your Newburyport Home and Attract Top Offers.
02/11/25 | Alissa ChristieA Guide to Different Architectural Styles in the Area.
01/26/23 | Alissa ChristieI am dedicated to helping you navigate the process as seamlessly as possible doing everything I can to help you buy the right home at the right price, or get top dollar for what is probably your biggest financial investment.