$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 October 2023
At the same time last year, Newstead was a Seller's Market.
Key Takeaway
Newstead is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Newstead, NY
How much do homes in Newstead, NY cost?
Median Sold Price
$346,250
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$46,250(+15.4%)
Key Takeaway
Homes in Newstead have sold for 15.4% more than they did a year ago.
Summary: The median home sold price in Newstead was $346,250 in October 2024, up 15.4% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $172.6K | $222K | +28.6% |
| 3 Bedrooms | $320K | $365K | +14.1% |
| 4 Bedrooms | $300.5K | $265K | -11.8% |
| 5+ Bedrooms | $340K | $425K | +25.0% |
Summary: Newstead housing prices by bedroom type for October 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 14.1%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Cities
| Newstead | $300K | $346.2K | +15.4% |
| Royalton | $192.5K | $220K | +14.3% |
| Akron | $300K | $335K | +11.7% |
| Clarence Center | $522.5K | $560K | +7.2% |
Housing Supply in Newstead, NY
How many homes are available in Newstead, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 19 | -13.6% |
Summary: The Newstead real estate market had 19 homes for sale in October 2024, a 13.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Newstead housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 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, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Newstead in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 45 Days | +146.6% |
Summary: Homes in Newstead had an average of 45 days on market in Oct 2024, up by 146.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was 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 October 2024, 2 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.
