Is Newberry, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Newberry was a Seller's Market.
Housing Prices in Newberry, FL
How much do homes in Newberry, FL cost?
Median Sold Price
$360,990
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Newberry was $360,990 in March 2024, up 7.4% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $169.1K | $177K | +4.7% |
2 Bedrooms | $188.7K | $243.9K | +29.2% |
3 Bedrooms | $312.9K | $325.3K | +3.9% |
4 Bedrooms | $355K | $421K | +18.6% |
5+ Bedrooms | $397.5K | $452.9K | +14.0% |
Summary: Newberry housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes increased by 29.2%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes increased by 14%.
Median Sold Price Compared To Nearby Cities
Newberry | $335.9K | $360.9K | +7.4% |
High Springs-Alachua | $329.9K | $329.7K | -0.1% |
Newberry-Archer | $375.4K | $359.9K | -4.1% |
Housing Supply in Newberry, FL
How many homes are available in Newberry, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
210 | 209 | -0.5% |
Summary: The Newberry real estate market had 209 homes for sale in March 2024, a 0.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 8 | 10 | +25.0% |
3 Bedrooms | 68 | 71 | +4.4% |
4 Bedrooms | 110 | 105 | -4.5% |
5+ Bedrooms | 23 | 23 | 0.0% |
Summary: The Newberry housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
36 | 32 | -11.1% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Newberry in March 2024, down by 11.1% month-over-month. Of the 32 sold homes, 56% were sold under asking, 34% were sold at asking, and 9% were sold over asking.
Days on Market for Newberry, FL
How long does it take to sell a home in Newberry, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
59 Days | 100 Days | +67.9% |
Summary: Homes in Newberry had an average of 100 days on market in Mar 2024, up by 67.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During March 2024, 32 homes were sold in Newberry; 25% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 47% of homes were sold over 90 days.