Massachusetts Home Buyer Guide

Newburyport, MA Home Sales, Prices Increase in 2010

The median price and sales of single-family homes and condominiums in Newburyport, Massachusetts increased in 2010, according to data compiled using MLS Property Information Network, Inc, the local multiple listing service.

The median price of single-family homes in Newburyport, MA rose 6.3 percent in 2010 compared to 2009, a $25,000 difference. Single-family home sales increased 20.2 percent in 2010, a difference of 25 sales compared to the previous year.

The condominium median price in Newburyport increased in 2010, rising 10.3 percent, or $30,000 compared to 2009. Condominium sales increased 14.8 percent compared to 2009, a difference of 13 sales.  

The median price of multi-family homes decreased 5.9 percent compared to 2009, a difference of $25,000. Multi-family home sales remained flat, with one more sale in 2010 than in 2009.

Newburyport, Massachusetts

               Sales / Median Price

Single-family Homes

2009 – 124 / $400,000
2010 – 149 / $425,000

Condominiums

2009 – 88 / $292,500
2010 – 101 / $322,500

Multi-family Homes

2009 – 11 / $425,000
2010 – 12 / $400,000

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Newburyport, MA Home Sales Double May 2010

Sales of single-family homes in Newburyport, Massachusetts increased by 100 percent, jumping to 12 sales in May of 2010 from six sold homes in May 2009,

The data come from MLS Property Information Network, Inc., the local multiple listing service.

The median price of single-family homes in Newburyport, MA decreased 2.6 percent in May 2010, a difference of $9,500 compared to the median price in May 2009.

Condominium sales in Newburyport also increased, rising 30 percent in May 2010; however, the median price of condos fell in May 2010 by 18.8 percent compared to May 2009, a difference of $75,000.

May 2009 --- 2010
Newburyport, MA

Single-Family
Median Price / Sales
2009 - $372,000;   6
2010 - $362,500;  12

Condominium
Median Price / Sales
2009 - $400,000;   10
2010 - $325,000;   13

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Newburyport, MA Home Sales, Prices Drop In 2009

The median price of single-family homes in Newburyport, Massachusetts has dropped each year since 2006. Since 2006 the median home price has declined $64,000 or 13.8 percent. The largest drop in median price by far was in 2009 when home prices plunged 11.5 percent compared to the median price in 2008.
 
Since 2006 there have been less and less sales each year. Compared to 2006 there were 35.08 percent less sales in 2009. From 2008 to 2009 there were 20 less homes sold, or a 13.88 percent drop in home sales.

From 2006 to 2008 homes spent more time on the market each year. Compared to 2006 homes spent 6.4 percent less time on the market in 2009. Compared to 2008, the amount of time homes spent on the market dropped in 2009 by 31 days or 21 percent, a statistic that may be attributed to the availability of the 2009 first-time home buyer tax-credit.

The data come from MLS Property Information, Inc.

Newburyport, MA Real Estate Market Data

	Median Price	Number of Sales	Days on the Market
2006	$464,000	191	125
2007	$456,050	170	141
2008	$452,000	144	148
2009	$400,000	124	117

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Newburyport, MA Home Sales, Price Decline

During the first nine months of the year, Newburyport, Massachusetts median home prices have dropped in three out of the last four years, with the median price of a single-family home declining 11.5 percent from 2008 ($455,000) to 2009 ($402,500) over the same nine-month period.

The only year that saw a rise in prices during this time period was 2008, with a 5.8 percent rise in median home prices compared to the first nine months of 2007.

Single-family home sales in Newburyport, MA declined 26.3 percent through the third quarter of 2009 compared to 2008, and are down 42.1 percent from 2006.

The amount of time Newburyport homes have spent on the market has increased each year from 2006 to 2008, but declined in 2009. The highpoint of 156 days on the market occurred in 2008, a 44.4 percent increase in time compared to 2006. In 2009, homes spent 124 days on the market, a 20.5 percent decrease in time compared to the previous year.

The data come from the MLS Property Information Network, Inc.

Newburyport, MA Real Estate Market Data

	Median Price	Number of Sales	Days on the Market
Jan-Sept 2006	$479,900	145	108
Jan-Sept 2007	$430,000	139	143
Jan-Sept 2008	$455,000	114	156
Jan-Sept 2009	$402,500	84	124