Newton, Massachusetts single-family home prices decreased in September 2011 while sales increased, according to data compiled using MLS Property Information Network, Inc, a local multiple listing service.
The median price of single-family homes declined 8.3 percent in September 2011 compared to the previous year, a difference of $66,250. Single-family home sales in Newton, MA rose 15 percent in September 2011, a difference of six sales compared to September 2010.
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 spiked 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, an increase of $239,500 compared to the same period last year.
Newton, Massachusetts Real Estate Market Report
Sales / Median Price
Single family Houses:
September 2010 – 40 / $801,250
September 2011 – 46 / 735,000
September 2010 – 17 / $380,000
September 2011 – 18 / $527,500
Multi family Houses:
September 2010 – 6 / $510,500
September 2011 – 1 / $750,000
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