Newark, WI Real Estate

Newark Real Estate

Newark is located in Rock County in southern Wisconsin. This rural community provides a variety of housing options, including historic farm houses, newer single-family homes and sprawling ranches.

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Residents enjoy the quiet, close-knit community and amenities of nearby cities.

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Newark properties for sale

Market Conditions

Market Conditions for Newark

December 2018

Median Sale Price
$410,000

 UP %
vs. Month Ago
Homes for Sale
5

 DOWN -37.50%
vs. Month Ago
Homes Sold
1

 UP %
vs. Month Ago
Avg Days on Market
66

 UP %
vs. Month Ago

Median Sale Price

The median sale price for homes in December was $410,000. The median sales price for homes in December rose by $410,000 compared to last month. This represents a % increase from November. Compared to the same month last year, the median price of homes rose by $410,000 representing a % year-over-year change.

The median sales price is the middle value of all sales occurring in the market during the past thirty days when you arrange these sales prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of a few unusually low or high sales prices.

Homes for Sale

The inventory of homes for sale fell by 3 in December to 5. This represents 37.5% decrease from November when 8 homes were on the market. Compared to the same month last year when there were 3 homes for sale, the inventory of homes for sale has risen by 2 representing a 66.66% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold

The inventory of homes for sale fell by 3 in December to 5. This represents 37.5% decrease from November when 8 homes were on the market. Compared to the same month last year when there were 3 homes for sale, the inventory of homes for sale has risen by 2 representing a 66.66% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Avg Days on Market

The average days on market for a home sold in December (66) increased by 66 days compared to November. This represents a % increase in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold increased by 66, a % year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

Sale/List Price Ratio

The Sale/List Price Ratio of 91.11% in December rose by % compared to November and increased % compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

New Homes

The number of homes listed in December (1) rose by 1 compared to November, a % change. Compared to December 2017, the number of new listings remained level

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price Homes

The median list price in December was $400,000. The median list price for homes in December rose by $400,000 compared to last month. This represents a % increase from November. Compared to the same month last year, the median list price of homes increased $200,100 representing a 100.1% year-over-year increase.

The median list price is the middle value of all currently active listings as reported in the MLS systems in the market area when you arrange these list prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of the existence of a few unusually low or high list prices.




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All applications are subject to current underwriting guidelines and credit approval. EHL NMLS#280412

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