Is Newburgh Heights, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Newburgh Heights has remained a Seller's Market.
Key Takeaway
Newburgh Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newburgh Heights, OH
How much do homes in Newburgh Heights, OH cost?
Median Sold Price
$180,000
$63/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Newburgh Heights have sold for 24.1% more than they did a month ago.
Summary: The median home sold price in Newburgh Heights was $180,000 in May 2024, up 24.1% from last month, and the median price per square foot was $63.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $145K | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $180K | N/A |
Summary: Newburgh Heights housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Newburgh Heights, OH
How many homes are available in Newburgh Heights, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Summary: The Newburgh Heights real estate market had 4 homes for sale in May 2024, a 33.3% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 0 | -100.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Newburgh Heights 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 remained the same, 3 bedroom homes decreased by 100%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newburgh Heights, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Newburgh Heights in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Newburgh Heights, OH
How long does it take to sell a home in Newburgh Heights, OH?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 131 Days | 4 Days | -96.6% |
Summary: Homes in Newburgh Heights had an average of 4 days on market in May 2024, down by 96.6% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newburgh Heights are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Newburgh Heights; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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