Is South Newton, GA 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, South Newton was a Seller's Market.
Key Takeaway
South Newton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South Newton, GA
How much do homes in South Newton, GA cost?
Median Sold Price
$306,990
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in South Newton have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in South Newton was $306,990 in March 2024, up 6.7% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | - | N/A |
| 2 Bedrooms | $290K | $312.5K | +7.8% |
| 3 Bedrooms | $273.5K | $272K | -0.5% |
| 4 Bedrooms | $300K | $319.4K | +6.5% |
| 5+ Bedrooms | $325K | $319.9K | -1.5% |
Summary: South Newton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.8%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 1.5%.
Median Sold Price Compared To Nearby Cities
| Worthville | $282K | $320K | +13.5% |
| South Newton | $287.6K | $306.9K | +6.7% |
| Eudora | $309.9K | $327.9K | +5.8% |
| Covington-Porterdale | $300K | $300K | 0% |
Housing Supply in South Newton, GA
How many homes are available in South Newton, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 86 | 94 | +9.3% |
Summary: The South Newton real estate market had 94 homes for sale in March 2024, a 9.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 34 | 35 | +2.9% |
| 4 Bedrooms | 43 | 51 | +18.6% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The South Newton housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 12 | -36.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Newton, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in South Newton in March 2024, down by 36.8% month-over-month. Of the 11 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% were sold over asking.
Days on Market for South Newton, GA
How long does it take to sell a home in South Newton, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 51 Days | 51 Days | -0.8% |
Summary: Homes in South Newton had an average of 51 days on market in Mar 2024, down by 0.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Newton are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in South Newton; 58% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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