Is South Newton, GA 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, South Newton has remained a Seller's Market.
Housing Prices in South Newton, GA
How much do homes in South Newton, GA cost?
Median Sold Price
$305,995
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South Newton was $305,995 in April 2024, up 7.4% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | - | N/A |
2 Bedrooms | $290K | $325K | +12.1% |
3 Bedrooms | $275K | $272K | -1.1% |
4 Bedrooms | $300K | $319K | +6.3% |
5+ Bedrooms | $325K | $319.9K | -1.5% |
Summary: South Newton 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 increased by 12.1%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 1.5%.
Median Sold Price Compared To Nearby Cities
South Newton | $285K | $305.9K | +7.4% |
Worthville | $290K | $310K | +6.9% |
Eudora | $314K | $327.4K | +4.3% |
Covington-Porterdale | $299K | $300K | 0.3% |
Housing Supply in South Newton, GA
How many homes are available in South Newton, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
90 | 87 | -3.3% |
Summary: The South Newton real estate market had 87 homes for sale in April 2024, a 3.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 31 | 31 | 0.0% |
4 Bedrooms | 52 | 46 | -11.5% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The South Newton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 19 | +35.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in South Newton in April 2024, up by 35.7% month-over-month. Of the 19 sold homes, 58% were sold under asking, 32% were sold at asking, and 11% were sold over asking.
Days on Market for South Newton, GA
How long does it take to sell a home in South Newton, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
56 Days | 56 Days | +1.1% |
Summary: Homes in South Newton had an average of 56 days on market in Apr 2024, up by 1.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in South Newton; 53% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.