Newton, NC Real Estate & Homes for Sale

In October 2024, Newton home prices saw a notable increase, rising 10.6% from the previous year to a median sale price of $260K. Despite this growth, homes in Newton took longer to sell, with an average of 63 days on the market compared to 48 days last year, suggesting a slight slowdown in buyer urgency. Additionally, the number of homes sold decreased, with only 9 properties sold in October this year, down from 14 the previous year. This combination of higher prices, extended market times, and fewer sales points to a market where affordability and demand may be rebalancing.

The Newton housing market is moderately competitive, with homes typically selling in about 55 days. While some properties receive multiple offers, the average home sells for approximately 2% below the list price and goes pending in roughly the same timeframe. However, "hot" homes tend to stand out, often selling at or near the list price and going pending in as little as 25 days, reflecting strong demand for highly desirable properties.

In October 2024, Newton, NC, was a buyer's market, indicating that the supply of homes for sale exceeded the demand from buyers. This environment provides an advantage to buyers, as they have more options to choose from and potentially greater negotiating power in the market.