Is Newport Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Newport Township has remained a Seller's Market.
Housing Prices in Newport Township, NC
How much do homes in Newport Township, NC cost?
Median Sold Price
$352,490
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Newport Township was $352,490 in May 2024, up 10.2% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $112.5K | $126K | +12.0% |
2 Bedrooms | $192K | $255K | +32.8% |
3 Bedrooms | $285K | $346.7K | +21.7% |
4 Bedrooms | $460K | $555.7K | +20.8% |
5+ Bedrooms | $640K | $774.5K | +21.0% |
Summary: Newport Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes increased by 32.8%, 3 bedroom homes increased by 21.7%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes increased by 21%.
Median Sold Price Compared To Nearby Cities
Swansboro | $346.5K | $400.7K | +15.6% |
Newport Township | $320K | $352.4K | +10.2% |
Newport | $324.9K | $352.4K | +8.5% |
Morehead Township | $450.2K | $485K | +7.7% |
Housing Supply in Newport Township, NC
How many homes are available in Newport Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
99 | 107 | +8.1% |
Summary: The Newport Township real estate market had 107 homes for sale in May 2024, a 8.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 5 | 3 | -40.0% |
3 Bedrooms | 59 | 70 | +18.6% |
4 Bedrooms | 29 | 29 | 0.0% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Newport Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 18.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 24 | +41.2% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Newport Township in May 2024, up by 41.2% month-over-month. Of the 24 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for Newport Township, NC
How long does it take to sell a home in Newport Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 24 Days | -38.9% |
Summary: Homes in Newport Township had an average of 24 days on market in May 2024, down by 38.9% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 24 homes were sold in Newport Township; 75% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.