NEWTON, WATERVIEW, AND NORCUM PARK HOUSING MARKET DATA

There was an increase in total units sold in July, with 63 sold this month in Newton, Waterview, and Norcum Park Real Estate versus 47 last month, an increase of 34%. This month's total units sold was higher than at this time last year, an increase of 21% versus July 2024.

Versus last year, the total number of homes available this month is higher by 2 units or 1%. The total number of active inventory this July was 140 compared to 138 in July 2024. This month's total of 140 is lower than the previous month's total supply of available inventory of 141, a decrease of 1%.

Last July, the median sale price for Newton, Waterview, and Norcum Park Homes was $269,000. This July, the median sale price was $240,000, a decrease of 11% or $29,000 compared to last year. The current median sold price is 8% 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 2.2 months of supply available in Newton, Waterview, and Norcum Park, compared to 2.7 in July 2024. That is a decrease of 16% 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 100 homes newly listed for sale in Newton, Waterview, and Norcum Park compared to 82 in July 2024, an increase of 22%. There were 67 current contracts pending sale this July compared to 49 a year ago. The number of current contracts is 37% higher than last July.

In July, the average sale price in Newton, Waterview, and Norcum Park was 98.5% of the average list price, which is 1.4% lower than at this time last year.

This month, the average number of days on market was 42, higher than the average last year, which was 35, an increase of 20%.





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

Zip Code(s): 23704 and 23707
Units Sold 63	Active Inventory 140	Median Sale Price $240,000	Days On Market 42

Up 21% Vs. Year Ago	Up 1% Vs. Year Ago	Down -11% Vs. Year Ago	Up 20% Vs. Year Ago


		Units Sold There was an increase in total units sold in July, with 63 sold this month in Newton, Waterview, and Norcum Park Real Estate versus 47 last month, an increase of 34%. This month's total units sold was higher than at this time last year, an increase of 21% versus July 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 2 units or 1%. The total number of active inventory this July was 140 compared to 138 in July 2024. This month's total of 140 is lower than the previous month's total supply of available inventory of 141, a decrease of 1%.
		Median Sale Price Last July, the median sale price for Newton, Waterview, and Norcum Park Homes was $269,000. This July, the median sale price was $240,000, a decrease of 11% or $29,000 compared to last year. The current median sold price is 8% 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 100	Current Contracts 67	Sold Vs. List Price 98.5%	Months of Supply 2.2

Up 22% Vs. Year Ago	Up 37% Vs. Year Ago	Down -1.4% Vs. Year Ago	Down -16% Vs. Year Ago


		Months of Supply In July, there was 2.2 months of supply available in Newton, Waterview, and Norcum Park, compared to 2.7 in July 2024. That is a decrease of 16% 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 100 homes newly listed for sale in Newton, Waterview, and Norcum Park compared to 82 in July 2024, an increase of 22%. There were 67 current contracts pending sale this July compared to 49 a year ago. The number of current contracts is 37% higher than last July.
		Sale Price to List Price Ratio In July, the average sale price in Newton, Waterview, and Norcum Park was 98.5% of the average list price, which is 1.4% lower than at this time last year. Days on Market This month, the average number of days on market was 42, higher than the average last year, which was 35, an increase of 20%.


	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.