Is Newton Township, NC 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 Township has remained a Seller's Market.
Housing Prices in Newton Township, NC
How much do homes in Newton Township, NC cost?
Median Sold Price
$251,990
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Newton Township was $251,990 in April 2024, up 3.9% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $60K | N/A |
2 Bedrooms | $160K | $178.5K | +11.6% |
3 Bedrooms | $248.3K | $255K | +2.7% |
4 Bedrooms | $317.6K | $281K | -11.5% |
5+ Bedrooms | $404K | $490K | +21.3% |
Summary: Newton Township 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 11.6%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes increased by 21.3%.
Median Sold Price Compared To Nearby Cities
Jacobs Fork Township | $245K | $310K | +26.5% |
Maiden | $235K | $262K | +11.5% |
Conover | $273.2K | $289.9K | +6.1% |
Newton | $245K | $255K | +4.1% |
Newton Township | $242.5K | $251.9K | +3.9% |
Housing Supply in Newton Township, NC
How many homes are available in Newton Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
144 | 154 | +6.9% |
Summary: The Newton Township real estate market had 154 homes for sale in April 2024, a 6.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 27 | 27 | 0.0% |
3 Bedrooms | 89 | 100 | +12.4% |
4 Bedrooms | 22 | 22 | 0.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Newton Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
34 | 44 | +29.4% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 44 homes were sold or pending in Newton Township in April 2024, up by 29.4% month-over-month. Of the 44 sold homes, 52% were sold under asking, 20% were sold at asking, and 27% were sold over asking.
Days on Market for Newton Township, NC
How long does it take to sell a home in Newton Township, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
20 Days | 37 Days | +83.5% |
Summary: Homes in Newton Township had an average of 37 days on market in Apr 2024, up by 83.5% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 44 homes were sold in Newton Township; 64% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.