Is Newberry, FL 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, Newberry has remained a Neutral Market.
Key Takeaway
Newberry is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Newberry, FL
How much do homes in Newberry, FL cost?
Median Sold Price
$366,240
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Newberry have sold for 9% more than they did a year ago.
Summary: The median home sold price in Newberry was $366,240 in April 2024, up 9% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $169.1K | $177K | +4.7% |
| 2 Bedrooms | $198.2K | $252.5K | +27.4% |
| 3 Bedrooms | $313.3K | $325.6K | +3.9% |
| 4 Bedrooms | $360.4K | $430.2K | +19.4% |
| 5+ Bedrooms | $399.9K | $453.7K | +13.5% |
Summary: Newberry housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes increased by 27.4%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 13.5%.
Median Sold Price Compared To Nearby Cities
| Newberry | $335.9K | $366.2K | +9.0% |
| High Springs-Alachua | $330.7K | $329.9K | -0.3% |
| Newberry-Archer | $375K | $364.9K | -2.7% |
Housing Supply in Newberry, FL
How many homes are available in Newberry, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 218 | 232 | +6.4% |
Summary: The Newberry real estate market had 232 homes for sale in April 2024, a 6.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 12 | +33.3% |
| 3 Bedrooms | 69 | 75 | +8.7% |
| 4 Bedrooms | 116 | 118 | +1.7% |
| 5+ Bedrooms | 24 | 27 | +12.5% |
Summary: The Newberry 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 increased by 33.3%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 34 | 37 | +8.8% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newberry, you may be able to get a good deal. 62.2% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in Newberry in April 2024, up by 8.8% month-over-month. Of the 37 sold homes, 62% were sold under asking, 22% were sold at asking, and 16% were sold over asking.
Days on Market for Newberry, FL
How long does it take to sell a home in Newberry, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 92 Days | 94 Days | +2.2% |
Summary: Homes in Newberry had an average of 94 days on market in Apr 2024, up by 2.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Newberry are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 37 homes were sold in Newberry; 19% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 46% of homes were sold over 90 days.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.