Is Newton Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Newton Township was a Neutral 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
$282,500
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Newton Township have sold for 16.5% more than they did a year ago.
Summary: The median home sold price in Newton Township was $282,500 in May 2024, up 16.5% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $164K | - | N/A |
| 2 Bedrooms | $156.1K | $203.5K | +30.4% |
| 3 Bedrooms | $239.9K | $260K | +8.4% |
| 4 Bedrooms | $252.5K | $300K | +18.8% |
| 5+ Bedrooms | $1.5M | $495K | -67.5% |
Summary: Newton Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.4%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes decreased by 67.5%.
Median Sold Price Compared To Nearby Cities
| Mary Ann Township | $250.6K | $319.5K | +27.5% |
| Newton Township | $242.4K | $282.5K | +16.5% |
| Newark | $208K | $227.4K | +9.3% |
Housing Supply in Newton Township, OH
How many homes are available in Newton Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 19 | +18.8% |
Summary: The Newton Township real estate market had 19 homes for sale in May 2024, a 18.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Newton Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 7 | +250.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newton Township, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Newton Township in May 2024, up by 250.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 3 Days | 40 Days | +1238.1% |
Summary: Homes in Newton Township had an average of 40 days on market in May 2024, up by 1238.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Newton Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Newton Township; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.