Is Newbury, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Newbury is a seller's market

Buyer's
Market

Difference Since February 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

$261,000

$136/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$30,000(-10.3%)

Key Takeaway

Homes in Newbury have sold for 10.3% less than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $206K$140K
-32.0%
3 $228K$261K
+14.5%
4 $328.5K$384K
+16.9%
5+ $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
+3.9%
Munson Township
+2.2%
Chesterland
0.0%
Newbury Township
-7.7%
Newbury
-10.3%

Housing Supply in Newbury, OH

How many homes are available in Newbury, OH?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
67+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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 45
+25.0%
4 11
0.0%
5+ 11
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 2024Feb 2024CHANGE
12+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Newbury, 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 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 2023Feb 2024CHANGE
69 Days69 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Newbury are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in Newbury, OH

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