Beware, Newton is RED HOT! Almost every new listing is going into multi bid scenarios. High demand and low inventory = competitive.
Here are the stat's overall for the last month:
Total Sold: 17
Avg. Sale Price/SqFt: $317
Avg. List Price: $929,076
Avg. Sale Price: $901,553
Avg. Days On Market: 68.82
In the last month, $2-$3million range, there was only 1 sale:
Avg. Liv.Area SqFt: 4,625.00
Avg. List$: $2,250,000
Avg. Sale$: $2,250,000
Avg. Days On Market 13.00
Avg. Sale Price/SqFt: $486
That really isn't enough information to draw a conclusion so here are the $2-3mill stat's from the last 6 months:
Total Sold: 15
Avg. Liv.Area SqFt: 5,805.40
Avg. List Price: $2,507,300
Avg. Sale Price: $2,406,133
Avg. Days On Market: 176.80
Avg. Sale Price/SqFt: $420
*As you will see by the numbers it is a pretty competitive price point.
*Tip,: when calculating the value of a single family you should consider lot size as much as square footage. Unlike condo's, the value of the single family is in the land you own.
Here is every property on the market in Newton:
Happy to help further just give us a call anytime. It is what we do, it's ALL we do.
Massachusetts Premier Buyer Brokerage
617 848 5407 x701