Is Newton, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Newton was a Seller's Market.
Key Takeaway
Newton 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, NJ
How much do homes in Newton, NJ cost?
Median Sold Price
$370,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Newton have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Newton was $370,000 in March 2024, up 8.8% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $234.5K | $210K | -10.4% |
| 2 Bedrooms | $282.5K | $285K | +0.9% |
| 3 Bedrooms | $335K | $365.5K | +9.1% |
| 4 Bedrooms | $450K | $450K | 0.0% |
| 5+ Bedrooms | $687K | $599K | -12.8% |
Summary: Newton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.4%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 9.1%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 12.8%.
Median Sold Price Compared To Nearby Cities
| Hampton Township | $365K | $445K | +21.9% |
| Newton | $340K | $370K | +8.8% |
| Lafayette | $408.6K | $435K | +6.5% |
| Andover Township | $420K | $433.4K | +3.2% |
Housing Supply in Newton, NJ
How many homes are available in Newton, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 82 | 96 | +17.1% |
Summary: The Newton real estate market had 96 homes for sale in March 2024, a 17.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 14 | 18 | +28.6% |
| 3 Bedrooms | 38 | 40 | +5.3% |
| 4 Bedrooms | 22 | 24 | +9.1% |
| 5+ Bedrooms | 6 | 11 | +83.3% |
Summary: The Newton housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 83.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newton, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Newton in March 2024, the same as the previous month. Of the 14 sold homes, 29% were sold under asking, 21% were sold at asking, and 50% were sold over asking.
Days on Market for Newton, NJ
We’re sorry, we don't have information for this market at the moment
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