Is Newark Township, OH 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, Newark Township has remained a Seller's Market.
Key Takeaway
Newark Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newark Township, OH
How much do homes in Newark Township, OH cost?
Median Sold Price
$222,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Newark Township have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Newark Township was $222,000 in March 2024, up 3.3% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $113.5K | $145K | +27.8% |
| 2 Bedrooms | $140K | $165K | +17.9% |
| 3 Bedrooms | $230K | $229.9K | 0% |
| 4 Bedrooms | $260K | $299.9K | +15.4% |
| 5+ Bedrooms | $380K | $300K | -21.1% |
Summary: Newark Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.8%, 2 bedroom homes increased by 17.9%, 3 bedroom homes did not change, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 21.1%.
Median Sold Price Compared To Nearby Cities
| Newark | $195K | $222K | +13.8% |
| Madison Township | $198K | $208K | +5.1% |
| Newton Township | $247.2K | $257.5K | +4.1% |
| Newark Township | $215K | $222K | +3.3% |
| Granville Township | $475K | $453.3K | -4.6% |
Housing Supply in Newark Township, OH
How many homes are available in Newark Township, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 231 | 254 | +10.0% |
Summary: The Newark Township real estate market had 254 homes for sale in March 2024, a 10.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 50 | 60 | +20.0% |
| 3 Bedrooms | 124 | 129 | +4.0% |
| 4 Bedrooms | 45 | 51 | +13.3% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Newark Township 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 20%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 49 | 63 | +28.6% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newark Township, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 63 homes were sold or pending in Newark Township in March 2024, up by 28.6% month-over-month. Of the 63 sold homes, 44% were sold under asking, 27% were sold at asking, and 29% were sold over asking.
Days on Market for Newark Township, OH
How long does it take to sell a home in Newark Township, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 25 Days | 27 Days | +7.7% |
Summary: Homes in Newark Township had an average of 27 days on market in Mar 2024, up by 7.7% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newark Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 63 homes were sold in Newark Township; 73% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. 
Copyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024 DABR MLS. All Rights Reserved