It’s been quite a year in Newton real estate wise. So far this year 932 single family and condominiums sold! On average it took 33 days to receive an offer that was 98% of the asking price. The average sale price was $1,054,079, lowest list sale price was $232,000 and the highest sale price was $4,650,000. The sweet spot in the market is properties priced between 1 and 1.5 million dollars. 259 properties sold in that price range! The least active price point was homes priced under 400K and homes priced over 4 million. No surprise there since that is the top and bottom of market.
The market continues to be quite fluid. We have low levels of inventory across all price ranges, with the exception of the over 3 million dollar mark. There are only 128 single family homes on the market and 68 condos. If you are thinking about selling and your house and it is in tip top shape, don’t wait until the spring. Sell now while buyers are frantically trying to find a home.
|Lowest Price: $232,000||Median Price: $914,250|
|Highest Price: $4,650,000||Average Price: $1,054,079|
|Total Market Volume: $987,671,758|