Is Newberry Township, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Newberry Township is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Newberry Township was a Neutral Market.

Key Takeaway

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

Housing Prices in Newberry Township, OH

How much do homes in Newberry Township, OH cost?

Median Sold Price

$170,450

$110/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$5,450(+3.3%)

Key Takeaway

Homes in Newberry Township have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in Newberry Township was $170,450 in February 2024, up 3.3% from last year, and the median price per square foot was $110.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $104K$60K
-42.3%
2 $113K$122.7K
+8.6%
3 $188.6K$170.4K
-9.6%
4 $164.9K$210K
+27.3%
5+ $225.5K$331.2K
+46.9%

Summary: Newberry Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.3%, 2 bedroom homes increased by 8.6%, 3 bedroom homes decreased by 9.6%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 46.9%.

Median Sold Price Compared To Nearby Cities

Bradford
+75.3%
Covington
+17.3%
Newberry Township
+3.3%
Bradford
+1.7%

Housing Supply in Newberry Township, OH

How many homes are available in Newberry Township, OH?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
109-10.0%

Summary: The Newberry Township real estate market had 9 homes for sale in February 2024, a 10.0% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 01
+100.0%
2 34
+33.3%
3 31
-66.7%
4 32
-33.3%
5+ 11
0.0%

Summary: The Newberry 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 increased by 33.3%, 3 bedroom homes decreased by 66.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
330.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Newberry Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Newberry Township in February 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Newberry Township, OH

How long does it take to sell a home in Newberry Township, OH?

Average Sale Time

Feb 2023Feb 2024CHANGE
29 Days90 Days+211.5%

Summary: Homes in Newberry Township had an average of 90 days on market in Feb 2024, up by 211.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Newberry Township has remained consistent over time.

Summary: During February 2024, 3 homes were sold in Newberry Township; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% 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 Newberry Township, OH

Nearby Markets to Newberry Township, OH