Is Newton, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Newton is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Newton was a Seller's Market.

Key Takeaway

Newton is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Newton, NC

How much do homes in Newton, NC cost?

Median Sold Price

$259,500

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$19,500(+8.1%)

Key Takeaway

Homes in Newton have sold for 8.1% more than they did a year ago.

Summary: The median home sold price in Newton was $259,500 in March 2024, up 8.1% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$57.5K
N/A
2 $145K$177.4K
+22.4%
3 $244K$255.2K
+4.6%
4 $299K$284.5K
-4.8%
5+ $392.5K$462.5K
+17.8%

Summary: 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 22.4%, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 17.8%.

Median Sold Price Compared To Nearby Cities

Newton
+8.1%
Claremont
+6.7%
Conover
+6.5%
Newton Township
+5.0%

Housing Supply in Newton, NC

How many homes are available in Newton, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
7093+32.9%

Summary: The Newton real estate market had 93 homes for sale in March 2024, a 32.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 1315
+15.4%
3 4762
+31.9%
4 713
+85.7%
5+ 22
0.0%

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 increased by 15.4%, 3 bedroom homes increased by 31.9%, 4 bedroom homes increased by 85.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1014+40.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Newton, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Newton in March 2024, up by 40.0% month-over-month. Of the 14 sold homes, 50% were sold under asking, 21% were sold at asking, and 29% were sold over asking.

Days on Market for Newton, NC

How long does it take to sell a home in Newton, NC?

Average Sale Time

Mar 2023Mar 2024CHANGE
35 Days58 Days+63.2%

Summary: Homes in Newton had an average of 58 days on market in Mar 2024, up by 63.2% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Newton are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 14 homes were sold in Newton; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in Newton, NC

Nearby Markets to Newton, NC

What housing markets are near Newton, NC?