Is Newton, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Newton has remained a Seller's Market.
Key Takeaway
Newton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newton, NC
How much do homes in Newton, NC cost?
Median Sold Price
$255,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Newton have sold for 2% more than they did a year ago.
Summary: The median home sold price in Newton was $255,000 in June 2024, up 2% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $60K | N/A |
| 2 Bedrooms | $160K | $186K | +16.3% |
| 3 Bedrooms | $248K | $250.5K | +1.0% |
| 4 Bedrooms | $275.9K | $310K | +12.3% |
| 5+ Bedrooms | $296K | $550K | +85.8% |
Summary: Newton housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.3%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 85.8%.
Median Sold Price Compared To Nearby Cities
| Jacobs Fork Township | $255.5K | $295K | +15.5% |
| Claremont | $235K | $242.5K | +3.2% |
| Newton | $249.9K | $255K | +2.0% |
| Newton Township | $247.3K | $251.4K | +1.6% |
| Conover | $282.9K | $285K | +0.7% |
Housing Supply in Newton, NC
How many homes are available in Newton, NC?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 93 | 91 | -2.2% |
Summary: The Newton real estate market had 91 homes for sale in June 2024, a 2.2% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 10 | 18 | +80.0% |
| 3 Bedrooms | 67 | 58 | -13.4% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Newton housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 80%, 3 bedroom homes decreased by 13.4%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 30 | 18 | -40.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newton, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Newton in June 2024, down by 40.0% month-over-month. Of the 18 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 32 Days | 47 Days | +44.6% |
Summary: Homes in Newton had an average of 47 days on market in Jun 2024, up by 44.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newton are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 18 homes were sold in Newton; 61% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. 
Copyright © 2024 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.