$4,274 Closing Credit*
$359,900
1,428 SqFt
3 Beds
•2 Full Baths
Courtney R Gabridge, Listing Office: Five Star Real Estate (Ada)
Is Newton Township, MI 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, Newton Township has remained a Seller's Market.
Key Takeaway
Newton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newton Township, MI
How much do homes in Newton Township, MI cost?
Median Sold Price
$257,500
$120/sqft
Based on all homes sold in September 2024.
Difference Since Last Month
-$112,450(-30.4%)
Key Takeaway
Homes in Newton Township have sold for 30.4% less than they did a month ago.
Summary: The median home sold price in Newton Township was $257,500 in September 2024, down 30.4% from last month, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $97K | N/A |
| 3 Bedrooms | $360K | $418K | +16.1% |
| 4 Bedrooms | $405K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Newton Township housing prices by bedroom type for September 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 increased by 16.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Newton Township | $369.9K | $257.5K | -30.4% |
| Fredonia Township | $320K | $206.2K | -35.5% |
Housing Supply in Newton Township, MI
How many homes are available in Newton Township, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Summary: The Newton Township real estate market had 3 homes for sale in September 2024, a 40.0% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 4 | 2 | -50.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Newton Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newton Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Newton Township in September 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Newton Township, MI
How long does it take to sell a home in Newton Township, MI?
Average Sale Time
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 19 Days | 3 Days | -84.8% |
Summary: Homes in Newton Township had an average of 3 days on market in Sep 2024, down by 84.8% 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 Newton Township are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 2 homes were sold in Newton Township; 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.
