NEWTON, WATERVIEW, AND NORCUM PARK HOUSING MARKET DATA

There was a decrease in total units sold in June, with 47 sold this month in Newton, Waterview, and Norcum Park Real Estate versus 63 last month, a decrease of 25%. This month's total units sold was higher than at this time last year, an increase of 4% versus June 2024.

Versus last year, the total number of homes available this month is lower by 24 units or 16%. The total number of active inventory this June was 124 compared to 148 in June 2024. This month's total of 124 is lower than the previous month's total supply of available inventory of 141, a decrease of 12%.

Last June, the median sale price for Newton, Waterview, and Norcum Park Homes was $270,000. This June, the median sale price was $260,000, a decrease of 4% or $10,000 compared to last year. The current median sold price is 2% lower than in May.

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

In June, there was 2.6 months of supply available in Newton, Waterview, and Norcum Park, compared to 3.3 in June 2024. That is a decrease of 20% 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 74 homes newly listed for sale in Newton, Waterview, and Norcum Park compared to 70 in June 2024, an increase of 6%. There were 69 current contracts pending sale this June compared to 40 a year ago. The number of current contracts is 73% higher than last June.

In June, the average sale price in Newton, Waterview, and Norcum Park was 99.3% of the average list price, which is 0.8% lower than at this time last year.

This month, the average number of days on market was 30, higher than the average last year, which was 26, an increase of 15%.





FOCUS ON: NEWTON, WATERVIEW, AND NORCUM PARK HOUSING MARKET			JUNE 2025

Zip Code(s): 23704 and 23707
Units Sold 47	Active Inventory 124	Median Sale Price $260,000	Days On Market 30

Up 4% Vs. Year Ago	Down -16% Vs. Year Ago	Down -4% Vs. Year Ago	Up 15% Vs. Year Ago


		Units Sold There was a decrease in total units sold in June, with 47 sold this month in Newton, Waterview, and Norcum Park Real Estate versus 63 last month, a decrease of 25%. This month's total units sold was higher than at this time last year, an increase of 4% versus June 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 24 units or 16%. The total number of active inventory this June was 124 compared to 148 in June 2024. This month's total of 124 is lower than the previous month's total supply of available inventory of 141, a decrease of 12%.
		Median Sale Price Last June, the median sale price for Newton, Waterview, and Norcum Park Homes was $270,000. This June, the median sale price was $260,000, a decrease of 4% or $10,000 compared to last year. The current median sold price is 2% lower than in May. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 74	Current Contracts 69	Sold Vs. List Price 99.3%	Months of Supply 2.6

Up 6% Vs. Year Ago	Up 73% Vs. Year Ago	Down -0.8% Vs. Year Ago	Down -20% Vs. Year Ago


		Months of Supply In June, there was 2.6 months of supply available in Newton, Waterview, and Norcum Park, compared to 3.3 in June 2024. That is a decrease of 20% 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 74 homes newly listed for sale in Newton, Waterview, and Norcum Park compared to 70 in June 2024, an increase of 6%. There were 69 current contracts pending sale this June compared to 40 a year ago. The number of current contracts is 73% higher than last June.
		Sale Price to List Price Ratio In June, the average sale price in Newton, Waterview, and Norcum Park was 99.3% of the average list price, which is 0.8% lower than at this time last year. Days on Market This month, the average number of days on market was 30, higher than the average last year, which was 26, an increase of 15%.


	Newton, Waterview, and Norcum Park are defined as properties listed in zip code/s 23704 and 23707.
	*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.