$2,363 Closing Credit*
$199,000
950 SqFt
3 Beds
•2 Full Baths
Listing Office: Coldwell Banker Newton RE
Is Newton Township, NC 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 Township was a Seller's Market.
Key Takeaway
Newton 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 Newton Township, NC
How much do homes in Newton Township, NC cost?
Median Sold Price
$250,800
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$1,190(-0.5%)
Key Takeaway
The sold price of homes in Newton Township has remained the same since last year.
Summary: The median home sold price in Newton Township was $250,800 in October 2024, down 0.5% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $57.5K | $150K | +160.9% |
| 2 Bedrooms | $168.5K | $181K | +7.4% |
| 3 Bedrooms | $259.4K | $255K | -1.7% |
| 4 Bedrooms | $287K | $340K | +18.5% |
| 5+ Bedrooms | $463K | $490K | +5.8% |
Summary: Newton Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 160.9%, 2 bedroom homes increased by 7.4%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes increased by 5.8%.
Median Sold Price Compared To Nearby Cities
| Maiden | $262.5K | $265.5K | +1.1% |
| Jacobs Fork Township | $283.5K | $285K | 0.5% |
| Conover | $285.9K | $285K | -0.3% |
| Newton Township | $251.9K | $250.8K | -0.5% |
| Newton | $255.3K | $239.6K | -6.2% |
Housing Supply in Newton Township, NC
How many homes are available in Newton Township, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 161 | 168 | +4.3% |
Summary: The Newton Township real estate market had 168 homes for sale in October 2024, a 4.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 38 | 33 | -13.2% |
| 3 Bedrooms | 96 | 101 | +5.2% |
| 4 Bedrooms | 21 | 26 | +23.8% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Newton Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 13.2%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 25 | -28.6% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newton Township, you may be able to get a good deal. 48% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Newton Township in October 2024, down by 28.6% month-over-month. Of the 25 sold homes, 48% were sold under asking, 24% were sold at asking, and 28% were sold over asking.
Days on Market for Newton Township, NC
How long does it take to sell a home in Newton Township, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 30 Days | -0.5% |
Summary: Homes in Newton Township had an average of 30 days on market in Oct 2024, down by 0.5% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newton Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 25 homes were sold in Newton Township; 68% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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