Is Newberry, FL 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 has remained a Seller's Market.
Housing Prices in Newberry, FL
How much do homes in Newberry, FL cost?
Median Sold Price
$364,982
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Newberry was $364,982 in May 2024, up 6.1% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $169.1K | $177K | +4.7% |
2 Bedrooms | $215K | $255.5K | +18.8% |
3 Bedrooms | $316.5K | $330.7K | +4.5% |
4 Bedrooms | $371.4K | $420K | +13.1% |
5+ Bedrooms | $421.1K | $442.8K | +5.1% |
Summary: Newberry housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Cities
Newberry | $344K | $364.9K | +6.1% |
High Springs-Alachua | $329.9K | $329.8K | 0% |
Newberry-Archer | $373.9K | $364.7K | -2.5% |
Housing Supply in Newberry, FL
How many homes are available in Newberry, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
242 | 231 | -4.5% |
Summary: The Newberry real estate market had 231 homes for sale in May 2024, a 4.5% 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 | 12 | 16 | +33.3% |
3 Bedrooms | 79 | 79 | 0.0% |
4 Bedrooms | 123 | 113 | -8.1% |
5+ Bedrooms | 28 | 23 | -17.9% |
Summary: The Newberry 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 increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes decreased by 17.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 | 42 | +10.5% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in Newberry in May 2024, up by 10.5% month-over-month. Of the 42 sold homes, 50% were sold under asking, 40% were sold at asking, and 10% were sold over asking.
Days on Market for Newberry, FL
How long does it take to sell a home in Newberry, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
55 Days | 82 Days | +48.2% |
Summary: Homes in Newberry had an average of 82 days on market in May 2024, up by 48.2% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During May 2024, 42 homes were sold in Newberry; 33% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.