$125,000
4.57 Acres
Land
John Haluska, Listing Office: Iowa Realty Mills Crossing
Is Newton, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$175,833
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,833(+7.9%)
Key Takeaway
Homes in Newton have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Newton was $175,833 in October 2024, up 7.9% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45K | $64K | +42.2% |
| 2 Bedrooms | $123K | $138.2K | +12.4% |
| 3 Bedrooms | $172.4K | $192K | +11.4% |
| 4 Bedrooms | $208K | $252.9K | +21.6% |
| 5+ Bedrooms | $411.3K | $224K | -45.6% |
Summary: Newton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.2%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes decreased by 45.6%.
Median Sold Price Compared To Nearby Cities
| Newton | $163K | $175.8K | +7.9% |
| Newton Township | $163.2K | $175.8K | +7.7% |
Housing Supply in Newton, IA
How many homes are available in Newton, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 120 | 111 | -7.5% |
Summary: The Newton real estate market had 111 homes for sale in October 2024, a 7.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 29 | 24 | -17.2% |
| 3 Bedrooms | 55 | 53 | -3.6% |
| 4 Bedrooms | 21 | 20 | -4.8% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Newton housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes decreased by 17.2%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 16 | -51.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newton, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Newton in October 2024, down by 51.5% month-over-month. Of the 16 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 69 Days | +84.3% |
Summary: Homes in Newton had an average of 69 days on market in Oct 2024, up by 84.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 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 October 2024, 16 homes were sold in Newton; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed.