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.
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
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
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
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.