$375,000
25.00 Acres
Land
Robyn Sansone, Listing Office: WNYbyOwner.com
Is Newstead, 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, Newstead has remained a Seller's Market.
Key Takeaway
Newstead is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newstead, NY
How much do homes in Newstead, NY cost?
Median Sold Price
$365,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$65,000(+21.7%)
Key Takeaway
Homes in Newstead have sold for 21.7% more than they did a year ago.
Summary: The median home sold price in Newstead was $365,000 in November 2024, up 21.7% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $172.6K | $222K | +28.6% |
| 3 Bedrooms | $332K | $362.5K | +9.2% |
| 4 Bedrooms | $295K | $375K | +27.1% |
| 5+ Bedrooms | $340K | $477.5K | +40.4% |
Summary: Newstead 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 28.6%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 27.1%, and 5+ bedroom homes increased by 40.4%.
Median Sold Price Compared To Nearby Cities
| Newstead | $300K | $365K | +21.7% |
| Akron | $300K | $360K | +20.0% |
| Clarence Center | $529.9K | $560K | +5.7% |
| Royalton | $217K | $200K | -7.8% |
Housing Supply in Newstead, NY
How many homes are available in Newstead, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 19 | -9.5% |
Summary: The Newstead real estate market had 19 homes for sale in November 2024, a 9.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Newstead 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 decreased by 25%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Newstead, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Newstead in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Newstead, NY
How long does it take to sell a home in Newstead, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 32 Days | +106.4% |
Summary: Homes in Newstead had an average of 32 days on market in Nov 2024, up by 106.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newstead are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Newstead; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
