Is Newcomerstown, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Newcomerstown is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Newcomerstown, OH

How much do homes in Newcomerstown, OH cost?

Median Sold Price

$130,000

$94/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$10,500(-7.5%)

Key Takeaway

Homes in Newcomerstown have sold for 7.5% less than they did a year ago.

Summary: The median home sold price in Newcomerstown was $130,000 in October 2024, down 7.5% from last year, and the median price per square foot was $94.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$115K
N/A
2 $119.5K$116K
-2.9%
3 $144K$130K
-9.7%
4 $198.9K$190K
-4.5%
5+ $185K$300K
+62.2%

Summary: Newcomerstown 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 decreased by 2.9%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 62.2%.

Median Sold Price Compared To Nearby Cities

Oxford Township
+12.4%
Salem Township
+7.6%
Oxford Township
+3.2%
Newcomerstown
-7.5%

Housing Supply in Newcomerstown, OH

How many homes are available in Newcomerstown, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3325-24.2%

Summary: The Newcomerstown real estate market had 25 homes for sale in October 2024, a 24.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 97
-22.2%
3 1110
-9.1%
4 107
-30.0%
5+ 20
-100.0%

Summary: The Newcomerstown 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 decreased by 22.2%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
119-18.2%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Newcomerstown, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Newcomerstown in October 2024, down by 18.2% month-over-month. Of the 9 sold homes, 78% were sold under asking, 0% were sold at asking, and 22% were sold over asking.

Days on Market for Newcomerstown, OH

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

Average Sale Time

Oct 2023Oct 2024CHANGE
70 Days65 Days-7.8%

Summary: Homes in Newcomerstown had an average of 65 days on market in Oct 2024, down by 7.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Newcomerstown has remained consistent over time.

Summary: During October 2024, 9 homes were sold in Newcomerstown; 22% of homes were sold within 30 days, 44% 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 20 Days Ago

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