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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Newton is a seller's market

Buyer's
Market

Difference Since August 2021

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.

How much do homes in Newton, NC cost?

Median Sold Price

$205,000

$143/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$15,550(+8.2%)

Key Takeaway

Homes in Newton have sold for 8.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 --
N/A
2 $125.9K$121.9K
-3.2%
3 $189.9K$220K
+15.9%
4 $208K$260.7K
+25.4%
5+ $429K$417.5K
-2.7%

Median Sold Price Compared To Nearby Cities

Conover
+13.9%
Newton Township
+13.2%
Jacobs Fork Township
+12.0%
Newton
+8.2%
Maiden
-1.2%

How many homes are available in Newton, NC?

Number of Homes For Sale

Jul 2022Aug 2022%
5954-8.5%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 1611
-31.3%
3 3131
0.0%
4 1010
0.0%
5+ 22
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
2017-15.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 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. 58.8% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
6 Days23 Days+279.2%

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 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.

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

About Newton, NC

Newton, NC has 54 homes on the market. The inventory of homes for sale in Newton, NC between July 2022 and August 2022 decreased by 8.5%. Listings spent 23 days on the market in August 2022, and had a median list price of $205,000 during the same period. Real estate listing prices changed between July 2022 and August 2022: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties went down by 3.2%, prices of 3 bedrooms properties went up by 15.9%, prices of 4 bedrooms properties increased by 25.4%, 5 bedrooms properties became 2.7% more cheaper. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes did not move, volume of 2 bedrooms homes went down by 31.3%, volume of 3 bedrooms homes stayed the same, 4 bedrooms homes did not move, volume of 5 bedrooms homes stayed the same. In August 2022, from all listings sold in Newton, NC there were more than 3 sold above asking price, over 10 sold below and more than 4 were sold right at the asked price.

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