Is Newton Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Newton Township was a Seller's Market.
Housing Prices in Newton Township, NC
How much do homes in Newton Township, NC cost?
Median Sold Price
$251,995
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Newton Township was $251,995 in February 2024, up 5.1% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $132K | $57.5K | -56.4% |
2 Bedrooms | $155.2K | $175K | +12.7% |
3 Bedrooms | $245K | $259K | +5.7% |
4 Bedrooms | $325K | $281K | -13.5% |
5+ Bedrooms | $500K | $490.5K | -1.9% |
Summary: Newton Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 56.4%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 13.5%, and 5+ bedroom homes decreased by 1.9%.
Median Sold Price Compared To Nearby Cities
Maiden | $215K | $269K | +25.1% |
Jacobs Fork Township | $255.5K | $295K | +15.5% |
Conover | $263.9K | $286.2K | +8.4% |
Newton | $237K | $256.4K | +8.2% |
Newton Township | $239.7K | $251.9K | +5.1% |
Housing Supply in Newton Township, NC
How many homes are available in Newton Township, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
117 | 127 | +8.5% |
Summary: The Newton Township real estate market had 127 homes for sale in February 2024, a 8.5% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 21 | 21 | 0.0% |
3 Bedrooms | 71 | 81 | +14.1% |
4 Bedrooms | 20 | 20 | 0.0% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Newton Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
27 | 20 | -25.9% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Newton Township in February 2024, down by 25.9% month-over-month. Of the 20 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% were sold over asking.
Days on Market for Newton Township, NC
How long does it take to sell a home in Newton Township, NC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
45 Days | 44 Days | -2.3% |
Summary: Homes in Newton Township had an average of 44 days on market in Feb 2024, down by 2.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During February 2024, 20 homes were sold in Newton Township; 55% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.