Is Newport Township, NC 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, Newport Township was a Seller's Market.
Key Takeaway
Newport Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Newport Township, NC
How much do homes in Newport Township, NC cost?
Median Sold Price
$350,990
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Newport Township have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Newport Township was $350,990 in March 2024, up 1.7% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $84.5K | -11.1% |
| 2 Bedrooms | $199K | $240K | +20.6% |
| 3 Bedrooms | $285K | $335.4K | +17.7% |
| 4 Bedrooms | $460K | $579.5K | +26.0% |
| 5+ Bedrooms | $640K | $780K | +21.9% |
Summary: Newport Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 20.6%, 3 bedroom homes increased by 17.7%, 4 bedroom homes increased by 26%, and 5+ bedroom homes increased by 21.9%.
Median Sold Price Compared To Nearby Cities
| Swansboro | $336.5K | $400K | +18.9% |
| Morehead Township | $452.8K | $484.1K | +6.9% |
| Newport Township | $345K | $350.9K | +1.7% |
| Newport | $372.5K | $350.9K | -5.8% |
Housing Supply in Newport Township, NC
How many homes are available in Newport Township, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 69 | 84 | +21.7% |
Summary: The Newport Township real estate market had 84 homes for sale in March 2024, a 21.7% 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 38 | 44 | +15.8% |
| 4 Bedrooms | 19 | 27 | +42.1% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Newport Township 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 increased by 25%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 42.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 10 | -33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Newport Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Newport Township in March 2024, down by 33.3% month-over-month. Of the 10 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% were sold over asking.
Days on Market for Newport Township, NC
How long does it take to sell a home in Newport Township, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 61 Days | 63 Days | +2.9% |
Summary: Homes in Newport Township had an average of 63 days on market in Mar 2024, up by 2.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newport Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in Newport Township; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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