Is Newton, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Newton is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Newton, NC

How much do homes in Newton, NC cost?

Median Sold Price

$259,450

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$14,550(+5.9%)

Key Takeaway

Homes in Newton have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in Newton was $259,450 in May 2024, up 5.9% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$60K
N/A
2 $148K$190K
+28.4%
3 $245K$253.5K
+3.5%
4 $295K$289.4K
-1.9%
5+ $290.5K$520K
+79.0%

Summary: Newton 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 28.4%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 79%.

Median Sold Price Compared To Nearby Cities

Jacobs Fork Township
+15.2%
Newton
+5.9%
Conover
+5.4%
Newton Township
+3.8%
Claremont
+0.9%

Housing Supply in Newton, NC

How many homes are available in Newton, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
9993-6.1%

Summary: The Newton real estate market had 93 homes for sale in May 2024, a 6.1% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 1410
-28.6%
3 6766
-1.5%
4 1414
0.0%
5+ 32
-33.3%

Summary: The Newton 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 28.6%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2927-6.9%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Newton, you may be able to get a good deal. 37% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in Newton in May 2024, down by 6.9% month-over-month. Of the 27 sold homes, 37% were sold under asking, 30% were sold at asking, and 33% were sold over asking.

Days on Market for Newton, NC

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

Average Sale Time

May 2023May 2024CHANGE
18 Days34 Days+79.5%

Summary: Homes in Newton had an average of 34 days on market in May 2024, up by 79.5% compared to last year.

Breakdown of Home Sale Times

20 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

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

Summary: During May 2024, 27 homes were sold in Newton; 74% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 11% 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 5 Days Ago

Newest Listings in Newton, NC

Nearby Markets to Newton, NC

What housing markets are near Newton, NC?