$2,375 Closing Credit*
$200,000
1,328 SqFt
3 Beds
•1 Full Bath
Shaun Shaffer, Listing Office: Iowa Realty Newton
Is Newton, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Newton was a Seller's Market.
Key Takeaway
Newton is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Newton, IA
How much do homes in Newton, IA cost?
Median Sold Price
$178,250
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,750(+9.7%)
Key Takeaway
Homes in Newton have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in Newton was $178,250 in November 2024, up 9.7% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45K | $74K | +64.4% |
| 2 Bedrooms | $123K | $139.9K | +13.7% |
| 3 Bedrooms | $169K | $193.2K | +14.3% |
| 4 Bedrooms | $217.7K | $245K | +12.5% |
| 5+ Bedrooms | $568.7K | $224K | -60.6% |
Summary: Newton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64.4%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 60.6%.
Median Sold Price Compared To Nearby Cities
| Newton | $162.5K | $178.2K | +9.7% |
| Newton Township | $162.7K | $178.2K | +9.5% |
| Palo Alto Township | $245K | $254.5K | +3.9% |
Housing Supply in Newton, IA
How many homes are available in Newton, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 109 | 98 | -10.1% |
Summary: The Newton real estate market had 98 homes for sale in November 2024, a 10.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 25 | 20 | -20.0% |
| 3 Bedrooms | 54 | 48 | -11.1% |
| 4 Bedrooms | 17 | 17 | 0.0% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Newton housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 14 | -44.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newton, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Newton in November 2024, down by 44.0% month-over-month. Of the 14 sold homes, 64% were sold under asking, 36% were sold at asking, and 0% were sold over asking.
Days on Market for Newton, IA
How long does it take to sell a home in Newton, IA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 48 Days | 52 Days | +8.2% |
Summary: Homes in Newton had an average of 52 days on market in Nov 2024, up by 8.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newton are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in Newton; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
