Home values in Downtown Newburyport have been adjusting downward, with the typical home value now around $755,000 after a 3.21% dip from last month and a steeper 31.36% decline over the past year. List prices are following that trend, as the median list price recently moved to about $1,162,000, while projections for March point to a lower typical value near $742,500 and a median list price closer to $1,045,500.
Listing and contract activity shows a small but active market. There are just 4 homes on the market, with 6 new listings and 6 pending sales in the latest month. Compared with last year, both new listings and pending sales are down sharply. Days on market are holding steady at 27, up more than 22% from a year ago.
Even with these shifts, conditions still lean toward sellers, with a market gauge of 7 and nearly 43% of recent sales closing above list price. Homes in Downtown Newburyport are priced below the wider Newburyport city typical value of about $857,250, and the city overall has seen a milder 14.28% annual decline. Inventory in the neighborhood is tighter than the city total of 25 active listings, which helps explain why sale-to-list prices are close, at about 99.3%. Whether you are a buyer navigating falling prices or a seller weighing your timing, Agent Pronto can connect you with a local agent who understands these dynamics.
