Is Newstead, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Newstead has remained a Seller's Market.
Key Takeaway
Newstead is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newstead, NY
How much do homes in Newstead, NY cost?
Median Sold Price
$325,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Newstead have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in Newstead was $325,000 in March 2024, up 10.2% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $223.1K | $175K | -21.6% |
| 3 Bedrooms | $328.5K | $338.5K | +3.0% |
| 4 Bedrooms | $295K | $301K | +2.0% |
| 5+ Bedrooms | $330K | $500.5K | +51.7% |
Summary: Newstead housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21.6%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 51.7%.
Median Sold Price Compared To Nearby Cities
| Clarence Center | $462.5K | $540K | +16.8% |
| Royalton | $189.9K | $217K | +14.2% |
| Akron | $285K | $325K | +14.0% |
| Newstead | $295K | $325K | +10.2% |
Housing Supply in Newstead, NY
How many homes are available in Newstead, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Summary: The Newstead real estate market had 10 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Newstead housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Newstead, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Newstead in March 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Newstead, NY
How long does it take to sell a home in Newstead, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 5 Days | -80.5% |
Summary: Homes in Newstead had an average of 5 days on market in Mar 2024, down by 80.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newstead are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Newstead; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
