Is Newington, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Newington is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Newington has remained a Seller's Market.

Key Takeaway

Newington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Newington, GA

How much do homes in Newington, GA cost?

Median Sold Price

$274,000

$147/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$65,900(-19.4%)

Key Takeaway

Homes in Newington have sold for 19.4% less than they did a month ago.

Summary: The median home sold price in Newington was $274,000 in October 2024, down 19.4% from last month, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $339.9K$274K
-19.4%
4 --
N/A
5+ --
N/A

Summary: Newington housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 19.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Newington, GA

How many homes are available in Newington, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
440.0%

Summary: The Newington real estate market had 4 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 43
-25.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Newington housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Newington, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Newington in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Newington, GA

How long does it take to sell a home in Newington, GA?

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Newington has remained consistent over time.

Summary: During October 2024, 3 homes were sold in Newington; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Newington, GA

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