NEWMARKET HOUSING MARKET DATA

There was an increase in total units sold in July, with 34 sold this month in Newmarket Real Estate, an increase of 10%. This month's total units sold is similar compared to a year ago.

Versus last year, the total number of homes available this month is lower by 35 units or 28%. The total number of active inventory this July was 89 compared to 124 in July 2024. This month's total of 89 is lower than the previous month's total supply of available inventory of 105, a decrease of 15%.

Last July, the median sale price for Newmarket Homes was $235,900. This July, the median sale price was $233,400, a decrease of 1% or $2,500 compared to last year. The current median sold price is 4% lower than in June.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In July, there was 2.6 months of supply available in Newmarket, compared to 3.6 in July 2024. That is a decrease of 28% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 49 homes newly listed for sale in Newmarket compared to 67 in July 2024, a decrease of 27%. There were 44 current contracts pending sale this July compared to 35 a year ago. The number of current contracts is 26% higher than last July.

In July, the average sale price in Newmarket was 99.3% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 48, higher than the average last year, which was 33, an increase of 45%.





FOCUS ON: NEWMARKET HOUSING MARKET			JULY 2025

Zip Code(s): 23607, 23609 and 23605
Units Sold 34	Active Inventory 89	Median Sale Price $233,400	Days On Market 48

No Change Vs. Year Ago	Down -28% Vs. Year Ago	Down -1% Vs. Year Ago	Up 45% Vs. Year Ago


		Units Sold There was an increase in total units sold in July, with 34 sold this month in Newmarket Real Estate, an increase of 10%. This month's total units sold is similar compared to a year ago.
Active Inventory Versus last year, the total number of homes available this month is lower by 35 units or 28%. The total number of active inventory this July was 89 compared to 124 in July 2024. This month's total of 89 is lower than the previous month's total supply of available inventory of 105, a decrease of 15%.
		Median Sale Price Last July, the median sale price for Newmarket Homes was $235,900. This July, the median sale price was $233,400, a decrease of 1% or $2,500 compared to last year. The current median sold price is 4% lower than in June. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 49	Current Contracts 44	Sold Vs. List Price 99.3%	Months of Supply 2.6

Down -27% Vs. Year Ago	Up 26% Vs. Year Ago	No Change Vs. Year Ago	Down -28% Vs. Year Ago


		Months of Supply In July, there was 2.6 months of supply available in Newmarket, compared to 3.6 in July 2024. That is a decrease of 28% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 49 homes newly listed for sale in Newmarket compared to 67 in July 2024, a decrease of 27%. There were 44 current contracts pending sale this July compared to 35 a year ago. The number of current contracts is 26% higher than last July.
		Sale Price to List Price Ratio In July, the average sale price in Newmarket was 99.3% of the average list price, which is similar compared to a year ago. Days on Market This month, the average number of days on market was 48, higher than the average last year, which was 33, an increase of 45%.


	Newmarket are defined as properties listed in zip code/s 23607, 23609 and 23605.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by REIN and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of REIN or Long & Foster Real Estate, Inc.