Is Newstead, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Newstead was a Seller's Market.
Key Takeaway
Newstead is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Newstead, NY
How much do homes in Newstead, NY cost?
Median Sold Price
$320,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Newstead have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in Newstead was $320,000 in May 2024, down 0.6% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $176.3K | $207.5K | +17.7% |
| 3 Bedrooms | $342.5K | $330K | -3.6% |
| 4 Bedrooms | $290K | $305K | +5.2% |
| 5+ Bedrooms | $520K | $380K | -26.9% |
Summary: Newstead housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.7%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes decreased by 26.9%.
Median Sold Price Compared To Nearby Cities
| Royalton | $187.4K | $220K | +17.4% |
| Clarence Center | $496.2K | $535K | +7.8% |
| Akron | $300K | $312.5K | +4.2% |
| Newstead | $322K | $320K | -0.6% |
Housing Supply in Newstead, NY
How many homes are available in Newstead, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 18 | +50.0% |
Summary: The Newstead real estate market had 18 homes for sale in May 2024, a 50.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 4 | +300.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Newstead 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 increased by 300%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Newstead, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Newstead in May 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Newstead, NY
How long does it take to sell a home in Newstead, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 27 Days | 11 Days | -59.3% |
Summary: Homes in Newstead had an average of 11 days on market in May 2024, down by 59.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newstead are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in Newstead; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
