Is Newberg Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Newberg Township is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Newberg Township was a Seller's Market.

Key Takeaway

Newberg Township 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 Newberg Township, MI

How much do homes in Newberg Township, MI cost?

Median Sold Price

$245,000

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$71,000(+40.8%)

Key Takeaway

Homes in Newberg Township have sold for 40.8% more than they did a year ago.

Summary: The median home sold price in Newberg Township was $245,000 in November 2024, up 40.8% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $312.4K$190K
-39.2%
3 $167K$287.5K
+72.2%
4 -$275K
N/A
5+ $301K-
N/A

Summary: Newberg Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 39.2%, 3 bedroom homes increased by 72.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Newberg Township
+40.8%
Marcellus Township
+22.2%
Penn Township
+18.9%

Housing Supply in Newberg Township, MI

How many homes are available in Newberg Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
660.0%

Summary: The Newberg Township real estate market had 6 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 23
+50.0%
2 11
0.0%
3 21
-50.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Newberg Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Newberg Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Newberg Township in November 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Newberg Township, MI

How long does it take to sell a home in Newberg Township, MI?

Average Sale Time

Nov 2023Nov 2024CHANGE
18 Days4 Days-78.4%

Summary: Homes in Newberg Township had an average of 4 days on market in Nov 2024, down by 78.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Newberg Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in Newberg Township; 100% of homes were sold within 30 days, 0% 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 2 Days Ago

Newest Listings in Newberg Township, MI

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What housing markets are near Newberg Township, MI?