real estate newton ma

Home Prices in Newton Center, 02459

Houses in Newton Center come in diverse sizes, ages and styles. Zip code 02459 covers a large residential area, from the historical Victorians on Beacon Street to the late 1940’s ranches of Oak Hill. From splendor to tear-downs, we have it all.  And with Newton MA so desirable, prices are rising with the large jump in 2013.

Newton Center Home Prices, Median Price:
2011 $872,500
2012 $875,000
2013 $1,000,000

The chart below shows the median listing price for properties on market, and the trend in the market in the past three years. What is most apparent is the sharp fall in prices off-season.

Large Chart

Why do prices fall so sharply during the slow months of real estate?

The table below shows the Newton Center housing market divided into quartiles by asking price. Note the fourth quartile, the one with the lowest price range, has the longest days on market. Although houses in the lower price range are often highly desirable as they allow families to move into Newton with greater ease, a portion of this market is houses requiring extensive renovation or have another attribute making them difficult to sell.

Newton MA Single Family Prices

If you considering selling your home in Newton Center, what does this mean to you? Since home buyers are still outnumbering homes for sale, the “off market” season is a great time to be a home seller at any price range.  Your competition will be minimal, positioning your home along side stale inventory.

Are you interested in following the Newton Center real estate housing market? Do you want to be knowledgeable in current housing trends? Sign-up for weekly market update.

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