Is Newbury Township, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Newbury Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Newbury Township has remained a Seller's Market.

Key Takeaway

Newbury Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Newbury Township, OH

How much do homes in Newbury Township, OH cost?

Median Sold Price

$300,000

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$35,000(+13.2%)

Key Takeaway

Homes in Newbury Township have sold for 13.2% more than they did a year ago.

Summary: The median home sold price in Newbury Township was $300,000 in November 2024, up 13.2% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$308K
N/A
2 $140K$216.2K
+54.5%
3 $260K$240K
-7.7%
4 $383K$510K
+33.2%
5+ $598.4K$314.9K
-47.4%

Summary: Newbury 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 increased by 54.5%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 33.2%, and 5+ bedroom homes decreased by 47.4%.

Median Sold Price Compared To Nearby Cities

Novelty
+21.9%
Burton Township
+17.0%
Newbury Township
+13.2%
Newbury
+11.9%
Chesterland
+1.5%

Housing Supply in Newbury Township, OH

How many homes are available in Newbury Township, OH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1614-12.5%

Summary: The Newbury Township real estate market had 14 homes for sale in November 2024, a 12.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 23
+50.0%
3 65
-16.7%
4 74
-42.9%
5+ 01
+100.0%

Summary: The Newbury Township 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 50%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

3 Homes Were 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 Newbury Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Newbury Township in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Newbury Township, OH

How long does it take to sell a home in Newbury Township, OH?

Average Sale Time

Nov 2023Nov 2024CHANGE
65 Days65 Days+0.5%

Summary: Homes in Newbury Township had an average of 65 days on market in Nov 2024, up by 0.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 3 homes were sold in Newbury Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 17 Days Ago

Newest Listings in Newbury Township, OH

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