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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Newton Township is a neutral's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

Newton Township 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 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

+$12,257(+5.1%)

Key Takeaway

Homes in Newton Township have sold for 5.1% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $132K$57.5K
-56.4%
2 $155.2K$175K
+12.7%
3 $245K$259K
+5.7%
4 $325K$281K
-13.5%
5+ $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
+25.1%
Jacobs Fork Township
+15.5%
Conover
+8.4%
Newton
+8.2%
Newton Township
+5.1%

Housing Supply in Newton Township, NC

How many homes are available in Newton Township, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
117127+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

# BEDSJan 2024Feb 2024CHANGE
1 12
+100.0%
2 2121
0.0%
3 7181
+14.1%
4 2020
0.0%
5+ 43
-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 2024Feb 2024CHANGE
2720-25.9%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Newton Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
45 Days44 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 27 Days Ago

Newest Listings in Newton Township, NC

Nearby Markets to Newton Township, NC

What housing markets are near Newton Township, NC?