With only 1.0 months of inventory, Newell remains a seller's market. Home prices have increased 88.9% in the past month alone. At the current pace, all available homes in Newell would sell out in just 1.0 months, indicating a continued supply shortage. Homes are taking about 21 days to sell, which is 0 days longer than this time last year. A significant 100.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Newell market with the affordability index at 952.4. Based on current market indicators, home prices in Newell are projected to decrease by approximately 11.8% over the next month.