Is Newton, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Newton has remained a Seller's Market.
Housing Prices in Newton, IA
How much do homes in Newton, IA cost?
Median Sold Price
$163,166
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Newton was $163,166 in March 2024, up 4.7% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $56K | -37.8% |
2 Bedrooms | $117.9K | $123K | +4.3% |
3 Bedrooms | $163.2K | $165K | +1.1% |
4 Bedrooms | $221.7K | $218K | -1.7% |
5+ Bedrooms | $248K | $376.3K | +51.8% |
Summary: Newton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.8%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 51.8%.
Median Sold Price Compared To Nearby Cities
Palo Alto Township | $207.5K | $261.5K | +26.0% |
Newton Township | $151.8K | $163.1K | +7.4% |
Newton | $155.8K | $163.1K | +4.7% |
Housing Supply in Newton, IA
How many homes are available in Newton, IA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
92 | 92 | 0.0% |
Summary: The Newton real estate market had 92 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 25 | 20 | -20.0% |
3 Bedrooms | 37 | 42 | +13.5% |
4 Bedrooms | 21 | 22 | +4.8% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 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 decreased by 20%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 17 | 0.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Newton in March 2024, the same as the previous month. Of the 17 sold homes, 65% were sold under asking, 24% were sold at asking, and 12% were sold over asking.
Days on Market for Newton, IA
How long does it take to sell a home in Newton, IA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 70 Days | +100.9% |
Summary: Homes in Newton had an average of 70 days on market in Mar 2024, up by 100.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in Newton; 53% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 41% of homes were sold over 90 days.