The housing market in Newton continues to see strong price appreciation, with values up 57.0% compared to last year. The median home price of $361,000 represents a substantial 57.0% increase from this time last year. With 3.0 months of supply, Newton's inventory levels remain relatively tight. Homes are now taking an average of 200 days to sell, significantly longer than the 122 days typical for this market. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Newton market with the affordability index at 1312.7. Based on current market indicators, home prices in Newton are projected to decrease by approximately 5.0% over the next month.
Newton, AL has a total population of 1,497 residents. The area is predominantly White (84.3%), The African American population is 14.8%. The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Newton, AL.
Crime analysis for Newton, AL shows 13 total incidents across all categories. The most prevalent crime type is Assault (46.2% of all incidents). This is followed by Property Crime at 46.2%. The crime rate in Newton, AL is very low, with violent crimes being more common than property crimes. This suggests Newton, AL is generally a safe area for residents and visitors.
Market predictions for Newton, AL show a downward trend in home prices, with values decreasing by 13.3%. This represents a significant price movement in the market. The current median home price in Newton, AL is approximately $297,309.333. The declining trend suggests this may be a buyer's market, with potential opportunities for those looking to purchase property in Newton, AL.
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