Is Newark, OH 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, Newark has remained a Seller's Market.
Housing Prices in Newark, OH
How much do homes in Newark, OH cost?
Median Sold Price
$222,416
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Newark was $222,416 in April 2024, up 11.5% 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 | $110K | $145K | +31.8% |
2 Bedrooms | $149.7K | $173.9K | +16.2% |
3 Bedrooms | $208K | $230.3K | +10.7% |
4 Bedrooms | $277K | $296K | +6.9% |
5+ Bedrooms | $397.5K | $307.5K | -22.6% |
Summary: Newark housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.8%, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 22.6%.
Median Sold Price Compared To Nearby Cities
Newark | $199.5K | $222.4K | +11.5% |
Heath | $260K | $284.9K | +9.6% |
Newton Township | $245K | $267.5K | +9.2% |
Madison Township | $199.9K | $208K | +4.1% |
Newark Township | $215K | $222.4K | +3.4% |
Housing Supply in Newark, OH
How many homes are available in Newark, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
267 | 284 | +6.4% |
Summary: The Newark real estate market had 284 homes for sale in April 2024, a 6.4% 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 | 64 | 60 | -6.3% |
3 Bedrooms | 134 | 143 | +6.7% |
4 Bedrooms | 54 | 65 | +20.4% |
5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The Newark 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 decreased by 6.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 20.4%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
66 | 63 | -4.5% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 63 homes were sold or pending in Newark in April 2024, down by 4.5% month-over-month. Of the 63 sold homes, 37% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Newark, OH
How long does it take to sell a home in Newark, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 22 Days | -10.6% |
Summary: Homes in Newark had an average of 22 days on market in Apr 2024, down by 10.6% compared to last year.
Breakdown of Home Sale Times
49 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 63 homes were sold in Newark; 78% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.