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Newton, MA Single-family Median Home Prices Decline September 2011
Newton, Massachusetts single-family home prices decreased in September 2011 compared to September 2010 while sales increased, according to data analyzed by Buyers Brokers Only, LLC.
The data were compiled using MLS Property Information Network, Inc, a local multiple listing service.
The median price of single-family homes fell 8.3 percent in September 2011 compared to the previous year, a difference of $66,250. Single-
Condominium sales increased 5.9 percent in September 2011, a difference of just one sale compared to September 2010. Unlike single-family homes, condo prices in Newton soared in September. The median price of condos increased 38.8 percent in September 2011, a difference of $147,500 compared to September of the previous year.
Multi-family home sales decreased 83.3 percent in September 2011, a difference of five sales compared to September 2010.The median price of multi-family homes rose 46.9 percent in September 2011, a difference of $239,500 compared to the same period last year.
Newton, Massachusetts Real Estate Market Report
Sales / Median Price
September 2010 – 40/ $801,250
September 2011 – 46 / 735,000
September 2010 – 17/ $380,000
September 2011 – 18 / $527,500
September 2010 – 6 / $510,500
September 2011 – 1 / $750,000
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About Buyers Brokers Only, LLC: Buyers Brokers Only exclusively represents home buyers, providing real estate advice and legal counsel (through our lawyers' law offices) at no additional cost to its clients throughout Massachusetts and New Hampshire. Buyers Brokers Only is the largest exclusive buyer agent real estate firm in Massachusetts.