Is Newberg, OR 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, Newberg has remained a Seller's Market.
Housing Prices in Newberg, OR
How much do homes in Newberg, OR cost?
Median Sold Price
$497,783
$308/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Newberg was $497,783 in April 2024, down 0.4% from last year, and the median price per square foot was $308.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $499K | $329.5K | -34.0% |
2 Bedrooms | $375K | $387.5K | +3.3% |
3 Bedrooms | $467.5K | $474.9K | +1.6% |
4 Bedrooms | $628K | $585K | -6.8% |
5+ Bedrooms | $725K | $685K | -5.5% |
Summary: Newberg housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes decreased by 5.5%.
Housing Supply in Newberg, OR
How many homes are available in Newberg, OR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
117 | 127 | +8.5% |
Summary: The Newberg real estate market had 127 homes for sale in April 2024, a 8.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 21 | 20 | -4.8% |
3 Bedrooms | 57 | 67 | +17.5% |
4 Bedrooms | 30 | 26 | -13.3% |
5+ Bedrooms | 9 | 13 | +44.4% |
Summary: The Newberg housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 17.5%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 24 | +4.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Newberg in April 2024, up by 4.3% month-over-month. Of the 24 sold homes, 42% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Newberg, OR
How long does it take to sell a home in Newberg, OR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
55 Days | 52 Days | -5.2% |
Summary: Homes in Newberg had an average of 52 days on market in Apr 2024, down by 5.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in Newberg; 46% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.