Is Newton, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Newton has remained a Seller's Market.
Housing Prices in Newton, NC
How much do homes in Newton, NC cost?
Median Sold Price
$255,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Newton was $255,000 in April 2024, up 4.1% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $57.5K | N/A |
2 Bedrooms | $148K | $188K | +27.0% |
3 Bedrooms | $248.9K | $250K | 0.4% |
4 Bedrooms | $283.2K | $284.7K | 0.5% |
5+ Bedrooms | $285K | $490K | +71.9% |
Summary: Newton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 71.9%.
Median Sold Price Compared To Nearby Cities
Jacobs Fork Township | $245K | $310K | +26.5% |
Conover | $273.2K | $289.9K | +6.1% |
Newton | $245K | $255K | +4.1% |
Newton Township | $242.5K | $251.9K | +3.9% |
Claremont | $233K | $232.5K | -0.2% |
Housing Supply in Newton, NC
How many homes are available in Newton, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
87 | 96 | +10.3% |
Summary: The Newton real estate market had 96 homes for sale in April 2024, a 10.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 14 | 13 | -7.1% |
3 Bedrooms | 57 | 66 | +15.8% |
4 Bedrooms | 13 | 13 | 0.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Newton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 15.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 28 | +64.7% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Newton in April 2024, up by 64.7% month-over-month. Of the 28 sold homes, 61% were sold under asking, 11% were sold at asking, and 29% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
20 Days | 33 Days | +63.1% |
Summary: Homes in Newton had an average of 33 days on market in Apr 2024, up by 63.1% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 28 homes were sold in Newton; 68% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.