Is Newberry-Archer, 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-Archer has remained a Seller's Market.
Key Takeaway
Newberry-Archer is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newberry-Archer, FL
How much do homes in Newberry-Archer, FL cost?
Median Sold Price
$364,720
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Newberry-Archer have sold for 2.5% less than they did a year ago.
Summary: The median home sold price in Newberry-Archer was $364,720 in May 2024, down 2.5% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $184.5K | - | N/A |
| 2 Bedrooms | $175.5K | $250K | +42.5% |
| 3 Bedrooms | $347K | $340K | -2.0% |
| 4 Bedrooms | $428K | $407.2K | -4.9% |
| 5+ Bedrooms | $465.9K | $429.4K | -7.8% |
Summary: Newberry-Archer 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 42.5%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes decreased by 7.8%.
Median Sold Price Compared To Nearby Cities
| Archer | $219K | $290K | +32.4% |
| Newberry | $344K | $364.9K | +6.1% |
| Williston-Bronson | $245K | $243.5K | -0.6% |
| Alachua | $340.9K | $337K | -1.2% |
| Newberry-Archer | $373.9K | $364.7K | -2.5% |
Housing Supply in Newberry-Archer, FL
How many homes are available in Newberry-Archer, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 245 | 245 | 0.0% |
Summary: The Newberry-Archer real estate market had 245 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 91 | 92 | +1.1% |
| 4 Bedrooms | 119 | 120 | +0.8% |
| 5+ Bedrooms | 29 | 24 | -17.2% |
Summary: The Newberry-Archer housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 17.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 39 | 48 | +23.1% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newberry-Archer, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 48 homes were sold or pending in Newberry-Archer in May 2024, up by 23.1% month-over-month. Of the 48 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Newberry-Archer, FL
How long does it take to sell a home in Newberry-Archer, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 36 Days | 75 Days | +104.6% |
Summary: Homes in Newberry-Archer had an average of 75 days on market in May 2024, up by 104.6% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Newberry-Archer has remained consistent over time.
Summary: During May 2024, 48 homes were sold in Newberry-Archer; 33% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.