Is Newton Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Newton Township has remained a Seller's Market.
Key Takeaway
Newton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newton Township, IA
How much do homes in Newton Township, IA cost?
Median Sold Price
$169,000
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Newton Township have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in Newton Township was $169,000 in May 2024, up 11.4% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87K | $62.2K | -28.4% |
| 2 Bedrooms | $119.5K | $123K | +2.9% |
| 3 Bedrooms | $160K | $185.1K | +15.7% |
| 4 Bedrooms | $210K | $249.9K | +19.0% |
| 5+ Bedrooms | $237.3K | $363.4K | +53.1% |
Summary: Newton Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.4%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 53.1%.
Median Sold Price Compared To Nearby Cities
| Newton Township | $151.7K | $169K | +11.4% |
| Newton | $151.8K | $169K | +11.3% |
Housing Supply in Newton Township, IA
How many homes are available in Newton Township, IA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 104 | 101 | -2.9% |
Summary: The Newton Township real estate market had 101 homes for sale in May 2024, a 2.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 26 | 26 | 0.0% |
| 3 Bedrooms | 49 | 43 | -12.2% |
| 4 Bedrooms | 21 | 23 | +9.5% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Newton Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12.2%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 23 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newton Township, you may be able to get a good deal. 39.1% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Newton Township in May 2024, the same as the previous month. Of the 23 sold homes, 39% were sold under asking, 35% were sold at asking, and 26% were sold over asking.
Days on Market for Newton Township, IA
How long does it take to sell a home in Newton Township, IA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 47 Days | 37 Days | -22.1% |
Summary: Homes in Newton Township had an average of 37 days on market in May 2024, down by 22.1% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newton Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 23 homes were sold in Newton Township; 65% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed.