Is Newton, NJ 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, NJ
How much do homes in Newton, NJ cost?
Median Sold Price
$370,000
$367/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Newton have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Newton was $370,000 in April 2024, up 8.7% from last year, and the median price per square foot was $367.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $231K | +10.0% |
| 2 Bedrooms | $283.7K | $285K | 0.4% |
| 3 Bedrooms | $335K | $368K | +9.9% |
| 4 Bedrooms | $437.5K | $455K | +4.0% |
| 5+ Bedrooms | $710K | $555K | -21.8% |
Summary: Newton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 21.8%.
Median Sold Price Compared To Nearby Cities
| Hampton Township | $367.5K | $464K | +26.3% |
| Newton | $340.3K | $370K | +8.7% |
| Andover Township | $420.5K | $430K | +2.3% |
| Lafayette | $437.3K | $435K | -0.5% |
Housing Supply in Newton, NJ
How many homes are available in Newton, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 96 | 102 | +6.3% |
Summary: The Newton real estate market had 102 homes for sale in April 2024, a 6.3% increase 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 | 17 | 15 | -11.8% |
| 3 Bedrooms | 42 | 45 | +7.1% |
| 4 Bedrooms | 23 | 26 | +13.0% |
| 5+ Bedrooms | 11 | 14 | +27.3% |
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 decreased by 11.8%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 23 | +43.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newton, you could pay more than the asking price. 78.3% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Newton in April 2024, up by 43.8% month-over-month. Of the 23 sold homes, 17% were sold under asking, 4% were sold at asking, and 78% were sold over asking.
Days on Market for Newton, NJ
We’re sorry, we don't have information for this market at the moment
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. 
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.