Is Newberry Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Newberry Township has remained a Seller's Market.
Key Takeaway
Newberry Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newberry Township, OH
How much do homes in Newberry Township, OH cost?
Median Sold Price
$154,950
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Newberry Township have sold for 8.7% less than they did a year ago.
Summary: The median home sold price in Newberry Township was $154,950 in May 2024, down 8.7% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $119.9K | N/A |
| 2 Bedrooms | $113K | $142.5K | +26.1% |
| 3 Bedrooms | $186K | $170.4K | -8.4% |
| 4 Bedrooms | $158K | $155K | -1.9% |
| 5+ Bedrooms | $297K | $217.5K | -26.8% |
Summary: Newberry Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.1%, 3 bedroom homes decreased by 8.4%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 26.8%.
Median Sold Price Compared To Nearby Cities
| Covington | $174.5K | $170.4K | -2.3% |
| Newberry Township | $169.7K | $154.9K | -8.7% |
Housing Supply in Newberry Township, OH
How many homes are available in Newberry Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 8 | -38.5% |
Summary: The Newberry Township real estate market had 8 homes for sale in May 2024, a 38.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 7 | 4 | -42.9% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Newberry Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newberry Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Newberry Township in May 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Newberry Township, OH
How long does it take to sell a home in Newberry Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 71 Days | 52 Days | -27.4% |
Summary: Homes in Newberry Township had an average of 52 days on market in May 2024, down by 27.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Newberry Township has remained consistent over time.
Summary: During May 2024, 4 homes were sold in Newberry Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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