Is Newberg, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Newberg was a Seller's Market.
Housing Prices in Newberg, OR
How much do homes in Newberg, OR cost?
Median Sold Price
$499,900
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Newberg was $499,900 in March 2024, up 0.7% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $499K | $329.5K | -34.0% |
2 Bedrooms | $377K | $375K | -0.5% |
3 Bedrooms | $460K | $475.6K | +3.4% |
4 Bedrooms | $612K | $585K | -4.4% |
5+ Bedrooms | $725K | $690K | -4.8% |
Summary: Newberg housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes decreased by 4.8%.
Housing Supply in Newberg, OR
How many homes are available in Newberg, OR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
163 | 165 | +1.2% |
Summary: The Newberg real estate market had 165 homes for sale in March 2024, a 1.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 21 | 22 | +4.8% |
3 Bedrooms | 81 | 84 | +3.7% |
4 Bedrooms | 45 | 43 | -4.4% |
5+ Bedrooms | 16 | 16 | 0.0% |
Summary: The Newberg 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 4.8%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 18 | +12.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Newberg in March 2024, up by 12.5% month-over-month. Of the 18 sold homes, 39% were sold under asking, 33% were sold at asking, and 28% were sold over asking.
Days on Market for Newberg, OR
How long does it take to sell a home in Newberg, OR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
49 Days | 58 Days | +18.7% |
Summary: Homes in Newberg had an average of 58 days on market in Mar 2024, up by 18.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in Newberg; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.