Is Newbury, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Newbury has remained a Seller's Market.
Housing Prices in Newbury, OH
How much do homes in Newbury, OH cost?
Median Sold Price
$261,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Newbury was $261,000 in February 2024, down 10.3% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $206K | $140K | -32.0% |
3 Bedrooms | $228K | $261K | +14.5% |
4 Bedrooms | $328.5K | $384K | +16.9% |
5+ Bedrooms | $469.5K | $449.9K | -4.2% |
Summary: Newbury housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 32%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes decreased by 4.2%.
Median Sold Price Compared To Nearby Cities
Novelty | $385K | $399.9K | +3.9% |
Munson Township | $358K | $366K | +2.2% |
Chesterland | $325K | $325K | 0.0% |
Newbury Township | $287K | $265K | -7.7% |
Newbury | $291K | $261K | -10.3% |
Housing Supply in Newbury, OH
How many homes are available in Newbury, OH?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Summary: The Newbury real estate market had 7 homes for sale in February 2024, a 16.7% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 4 | 5 | +25.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Newbury housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Newbury in February 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Newbury, OH
How long does it take to sell a home in Newbury, OH?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
69 Days | 69 Days | -0.7% |
Summary: Homes in Newbury had an average of 69 days on market in Feb 2024, down by 0.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 2 homes were sold in Newbury; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.