Is Newton, NC 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, Newton has remained a Seller's Market.
Housing Prices in Newton, NC
How much do homes in Newton, NC cost?
Median Sold Price
$259,450
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Newton was $259,450 in May 2024, up 5.9% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $60K | N/A |
2 Bedrooms | $148K | $190K | +28.4% |
3 Bedrooms | $245K | $253.5K | +3.5% |
4 Bedrooms | $295K | $289.4K | -1.9% |
5+ Bedrooms | $290.5K | $520K | +79.0% |
Summary: Newton 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 28.4%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 79%.
Median Sold Price Compared To Nearby Cities
Jacobs Fork Township | $256K | $295K | +15.2% |
Newton | $244.9K | $259.4K | +5.9% |
Conover | $275K | $289.9K | +5.4% |
Newton Township | $244.9K | $254.2K | +3.8% |
Claremont | $233K | $235K | +0.9% |
Housing Supply in Newton, NC
How many homes are available in Newton, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
99 | 93 | -6.1% |
Summary: The Newton real estate market had 93 homes for sale in May 2024, a 6.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 14 | 10 | -28.6% |
3 Bedrooms | 67 | 66 | -1.5% |
4 Bedrooms | 14 | 14 | 0.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Newton 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 28.6%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 27 | -6.9% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Newton in May 2024, down by 6.9% month-over-month. Of the 27 sold homes, 37% were sold under asking, 30% were sold at asking, and 33% were sold over asking.
Days on Market for Newton, NC
How long does it take to sell a home in Newton, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 34 Days | +79.5% |
Summary: Homes in Newton had an average of 34 days on market in May 2024, up by 79.5% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 27 homes were sold in Newton; 74% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.