Is Newbury, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Newbury has remained a Seller's Market.
Key Takeaway
Newbury is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newbury, OH
How much do homes in Newbury, OH cost?
Median Sold Price
$250,500
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Newbury have sold for 7.9% less than they did a year ago.
Summary: The median home sold price in Newbury was $250,500 in April 2024, down 7.9% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $162K | $140K | -13.6% |
| 3 Bedrooms | $226.5K | $237.5K | +4.9% |
| 4 Bedrooms | $328.5K | $419K | +27.5% |
| 5+ Bedrooms | $469.5K | $449.9K | -4.2% |
Summary: Newbury housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.6%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 27.5%, and 5+ bedroom homes decreased by 4.2%.
Median Sold Price Compared To Nearby Cities
| Novelty | $350K | $433K | +23.7% |
| Chesterland | $325K | $335.5K | +3.2% |
| Munson Township | $370K | $367K | -0.8% |
| Newbury Township | $265K | $261K | -1.5% |
| Newbury | $272K | $250.5K | -7.9% |
Housing Supply in Newbury, OH
How many homes are available in Newbury, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Summary: The Newbury real estate market had 5 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Newbury housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newbury, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Newbury in April 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 41 Days | 91 Days | +123.2% |
Summary: Homes in Newbury had an average of 91 days on market in Apr 2024, up by 123.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Newbury has remained consistent over time.
Summary: During April 2024, 2 homes were sold in Newbury; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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