Is Newton County, GA 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 County has remained a Seller's Market.
Housing Prices in Newton County, GA
How much do homes in Newton County, GA cost?
Median Sold Price
$310,040
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Newton County was $310,040 in May 2024, up 3.3% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $116.2K | $352.5K | +203.2% |
2 Bedrooms | $209K | $220K | +5.3% |
3 Bedrooms | $275K | $275.7K | 0.3% |
4 Bedrooms | $340.6K | $335K | -1.7% |
5+ Bedrooms | $425K | $424K | -0.2% |
Summary: Newton County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 203.2%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 0.2%.
Median Sold Price Compared To Nearby Counties
Butts County | $272.8K | $286.3K | +5.0% |
Jasper County | $287.3K | $299.4K | +4.2% |
Newton County | $300.2K | $310K | +3.3% |
Rockdale County | $309.1K | $310.4K | 0.4% |
Henry County | $347.1K | $338.6K | -2.4% |
Housing Supply in Newton County, GA
How many homes are available in Newton County, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
699 | 798 | +14.2% |
Summary: The Newton County real estate market had 798 homes for sale in May 2024, a 14.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 35 | 38 | +8.6% |
3 Bedrooms | 283 | 315 | +11.3% |
4 Bedrooms | 266 | 309 | +16.2% |
5+ Bedrooms | 110 | 131 | +19.1% |
Summary: The Newton County 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 8.6%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes increased by 19.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
132 | 138 | +4.5% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
52 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Summary: A total of 138 homes were sold or pending in Newton County in May 2024, up by 4.5% month-over-month. Of the 126 sold homes, 37% were sold under asking, 41% were sold at asking, and 22% were sold over asking.
Days on Market for Newton County, GA
How long does it take to sell a home in Newton County, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 44 Days | +12.8% |
Summary: Homes in Newton County had an average of 44 days on market in May 2024, up by 12.8% compared to last year.
Breakdown of Home Sale Times
76 Homes Were Sold
Under 30 Days
38 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Summary: During May 2024, 138 homes were sold in Newton County; 55% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.