$1,780 Closing Credit*
$149,900
2,850 SqFt
4 Beds
•2 Full Baths
Samantha R Minns, Listing Office: Your Hometown Realty LLC
Is Newark, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Newark has remained a Seller's Market.
Key Takeaway
Newark is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newark, NY
How much do homes in Newark, NY cost?
Median Sold Price
$185,000
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,000(+15.6%)
Key Takeaway
Homes in Newark have sold for 15.6% more than they did a year ago.
Summary: The median home sold price in Newark was $185,000 in November 2024, up 15.6% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $80K | N/A |
| 2 Bedrooms | $122.2K | $167.4K | +37.0% |
| 3 Bedrooms | $167K | $195K | +16.8% |
| 4 Bedrooms | $177K | $204.7K | +15.7% |
| 5+ Bedrooms | $177.5K | $150K | -15.5% |
Summary: Newark 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 increased by 37%, 3 bedroom homes increased by 16.8%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes decreased by 15.5%.
Median Sold Price Compared To Nearby Cities
| Arcadia | $159.9K | $185K | +15.7% |
| Newark | $160K | $185K | +15.6% |
Housing Supply in Newark, NY
How many homes are available in Newark, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 34 | -15.0% |
Summary: The Newark real estate market had 34 homes for sale in November 2024, a 15.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 17 | 12 | -29.4% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 4 | 1 | -75.0% |
Summary: The Newark housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 29.4%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 75%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newark, you could pay more than the asking price. 76.9% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Newark in November 2024, up by 30.0% month-over-month. Of the 13 sold homes, 15% were sold under asking, 8% were sold at asking, and 77% were sold over asking.
Days on Market for Newark, NY
How long does it take to sell a home in Newark, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 9 Days | -24.1% |
Summary: Homes in Newark had an average of 9 days on market in Nov 2024, down by 24.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newark are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in Newark; 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.
