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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Newton Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Newton Township, OH

How much do homes in Newton Township, OH cost?

Median Sold Price

$153,500

$107/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$11,500(+8.1%)

Key Takeaway

Homes in Newton Township have sold for 8.1% more than they did a year ago.

Summary: The median home sold price in Newton Township was $153,500 in October 2024, up 8.1% from last year, and the median price per square foot was $107.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $41K$82.5K
+101.2%
2 $125.7K$125K
-0.6%
3 $145K$162.9K
+12.3%
4 $142K$150K
+5.6%
5+ $75.6K$280K
+270.4%

Summary: Newton Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 101.2%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 270.4%.

Median Sold Price Compared To Nearby Cities

Milton Township
+18.3%
Newton Township
+8.1%
Newton Falls
+7.0%
Paris Township
-1.0%
Braceville Township
-14.1%

Housing Supply in Newton Township, OH

How many homes are available in Newton Township, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2228+27.3%

Summary: The Newton Township real estate market had 28 homes for sale in October 2024, a 27.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 1520
+33.3%
4 12
+100.0%
5+ 22
0.0%

Summary: The Newton Township 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 increased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
47+75.0%

Asking Price vs. Sold Price

5 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 Newton Township, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Newton Township in October 2024, up by 75.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.

Days on Market for Newton Township, OH

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

Average Sale Time

Oct 2023Oct 2024CHANGE
23 Days52 Days+128.0%

Summary: Homes in Newton Township had an average of 52 days on market in Oct 2024, up by 128% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Newton Township has remained consistent over time.

Summary: During October 2024, 7 homes were sold in Newton Township; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% 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 16 Days Ago

Newest Listings in Newton Township, OH

Nearby Markets to Newton Township, OH

What housing markets are near Newton Township, OH?