Is Newton, IA 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, Newton has remained a Seller's Market.
Key Takeaway
Newton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newton, IA
How much do homes in Newton, IA cost?
Median Sold Price
$169,000
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Newton have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in Newton was $169,000 in April 2024, up 9.7% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90K | $62K | -31.1% |
| 2 Bedrooms | $117.5K | $123K | +4.7% |
| 3 Bedrooms | $160K | $184K | +15.0% |
| 4 Bedrooms | $214.7K | $245K | +14.1% |
| 5+ Bedrooms | $248K | $530K | +113.7% |
Summary: Newton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.1%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes increased by 113.7%.
Median Sold Price Compared To Nearby Cities
| Newton Township | $150K | $169K | +12.7% |
| Newton | $154K | $169K | +9.7% |
Housing Supply in Newton, IA
How many homes are available in Newton, IA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 101 | 94 | -6.9% |
Summary: The Newton real estate market had 94 homes for sale in April 2024, a 6.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 22 | 25 | +13.6% |
| 3 Bedrooms | 46 | 42 | -8.7% |
| 4 Bedrooms | 23 | 18 | -21.7% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Newton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 13.6%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 21.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 20 | +5.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newton, you may be able to get a good deal. 45% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Newton in April 2024, up by 5.3% month-over-month. Of the 20 sold homes, 45% were sold under asking, 30% were sold at asking, and 25% were sold over asking.
Days on Market for Newton, IA
How long does it take to sell a home in Newton, IA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 54 Days | +126.0% |
Summary: Homes in Newton had an average of 54 days on market in Apr 2024, up by 126% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newton are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 20 homes were sold in Newton; 60% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed.