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 seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Newton Township has remained a Seller's Market.

Key Takeaway

Newton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Newton Township, NC cost?

Median Sold Price

$223,837

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$26,119(+13.2%)

Key Takeaway

Homes in Newton Township have sold for 13.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $65K$100K
+53.8%
2 $130.5K$150K
+14.9%
3 $199.9K$230K
+15.0%
4 $233.2K$285.5K
+22.4%
5+ $420K$454K
+8.1%

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 Township, NC?

Number of Homes For Sale

Jul 2022Aug 2022%
124117-5.6%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 3118
-41.9%
3 6670
+6.1%
4 2224
+9.1%
5+ 55
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
3936-7.7%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

11 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. 47.2% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
7 Days16 Days+110.7%

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

7 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 Township 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 Township, NC

Newton Township, NC has 117 homes on the market. The number of listings in Newton Township, NC decreased by 5.6% between July 2022 and August 2022. Listings spent 16 days on the market in August 2022, and had a median list price of $223,837 during the same period. This housing market listing prices have changed between July 2022 and August 2022: prices of 1 bedroom properties increased by 53.8%, prices of 2 bedrooms properties went up by 14.9%, 3 bedrooms properties became 15% more expensive, prices of 4 bedrooms properties increased by 22.4%, 5 bedrooms properties prices increased by 8.1%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes did not move, volume of 2 bedrooms homes went down by 41.9%, 3 bedrooms homes inventory increased by 6.1%, number of 4 bedrooms homes increased by 9.1%, 5 bedrooms homes inventory did not change. Over 11 listings were sold over their listed price in August 2022 in Newton Township, NC. In the same period over 17 listings were sold below the listed price and 8 listings were sold for the listed price.

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