Located seven miles west of Downtown Boston, Newton is a small, bustling city with a population of about 90,000 people. Unlike many towns, the town comprises thirteen distinct villages and is not built around a single Downtown or Main Street. This means there is more variety in this one city than in most of Middlesex County, especially in terms of luxury. In this guide, we look at the Newtown luxury real estate market and its prime offerings.
Newton Luxury Real Estate Market
The residents of Newton are some of the wealthiest in the state. According to data from the Census Bureau, the median household income in the city between 2015 and 2019 was over $151,000. This was almost twice the state average at the time of $81,215.
Given the affluence of Newton’s residents, it is no surprise that there is a thin line between typical properties and luxury homes in the city price-wise. The median sale price of homes between 2015 and 2019 was $915,700. A luxury home of about 4,000 square feet is worth $2.2 million, but this is the same price point for a 13,900-square-foot land.
Whatever your choice of a home, if you are looking for luxury, Newton real estate agent Cindy Laughrea will direct you to one of three Newton neighborhoods – West Newton, Newton Centre, or Waban.
West Newton, Newton Centre, and Waban
The luxurious suburb of West Newton is located less than half an hour out of Boston. In recent years, it has become a haven for people looking to move away from the city and enjoy more space and walkable communities without losing the convenience of an easy commute. Homes north of West Newton range from $525,000 to $2 million, with prices rising to the south of I-90. A 7-bedroom, 9-bathroom home in the area, naturally the epitome of luxury, may go for about $7 million.
Newton Centre is a commercial hub with a healthy number of churches, banks, chain stores, restaurants, and shops. Away from the economic bustle, the neighborhood opens up to leafy residential streets, with most homes valued at over $1 million. Newton Center is synonymous with affluence and is a preferred home for many famous names.
Waban enjoys easy access to the highways and D Line and highways while retaining a small town ambiance complete with affluent village squares.
Popular Luxury Homes in Newton
Newton is a competitive market with an in-demand inventory. Popular luxury homes for sale in Newton over the years have included:
The Hammond House
In 2016, the Hammond House was listed for $6,498,000. Located in Olde Chestnut Hill, this first-period home boasts 7 en-suite bedrooms with customizable climate controls and vaulted ceilings. The primary bedroom features a vast fireplace, a heated marble bath, all-day light from the quadruple corner exposure, and 15-foot cathedral ceilings. Luxury amenities include an EV charge station, a large heated garage, a Butler’s pantry, a La Cornue Chef’s kitchen, and a music room.
115 Mandalay
The 115 Mandalay was listed for $5,880,000 around the same time as the Hammond House. Situated on 4 acres of land, this classic brick colonial comprises 7.5 baths and 7 bedrooms. Luxury amenities include two gas fireplaces, a bespoke wine room, heated floors, a custom glass stairway, 22-foot automated sliding doors, and a heated saltwater pool.
Talk to a Newton Real Estate Professional
The most efficient way to explore Newton homes for sale and everything the city has to offer is with the help of a local real estate professional like Cindy Laughrea. Cindy has worked in Massachusetts real estate, renovation, and sales for almost two decades. Contact her office today to learn more about the Newton market and how to find your dream home in this beautiful city.
