The Southwest Newark housing market is somewhat competitive. The median sale price of a home in Southwest Newark was $240K last month, up 26.3% since last year. The median sale price per square foot in Southwest Newark is $154, up 26.2% since last year.
What is the housing market like in Southwest Newark today?
In October 2024, Southwest Newark home prices were up 26.3% compared to last year, selling for a median price of $240K. On average, homes in Southwest Newark sell after 45 days on the market compared to 35 days last year. There were 51 homes sold in October this year, down from 56 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$239,900
+26.3% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Southwest Newark, OH
$239,900
+26.3%
United States
To compare other locations to the Southwest Newark and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Newark add value to a home.
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How hot is the Southwest Newark housing market?
Southwest Newark is somewhat competitive. Homes sell in 43 days.
0
100
58
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 43 days.
Hot homes
can sell for around list price and go pending in around 29 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
98.3%
-0.93 pt YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Southwest Newark, OH
98.3%
-0.93 pt
United States
View houses in Southwest Newark that sold recently
Recently sold homes
SOLD NOV 19, 2024
$437,175 Last Sold Price
3 beds
2 baths
1,635 sq ft
2165 Overlook Way, Newark, OH 43055
Alexander Hencheck • HMS Real Estate, (513) 469-2424
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Southwest Newark housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Southwest Newark.
Flood Factor - Minor
19% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Southwest Newark has a minor risk of flooding. 532 properties in Southwest Newark are likely to be
severely affected
by flooding over the next 30 years. This represents 19% of all properties in Southwest Newark. Flood risk is increasing faster than the national average.
6% of properties are at risk of wildfire over the next 30 years
Fire Factor
Southwest Newark has a moderate risk of wildfire. There are 457 properties in Southwest Newark that have some risk of being affected by wildfire over the next 30 years. This represents 6% of all properties in Southwest Newark.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Southwest Newark has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Southwest Newark is most at risk from hurricanes. 7,545 properties in Southwest Newark have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 45 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 54 mph.
100% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Southwest Newark has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Southwest Newark have a Moderate Heat Factor®.
Southwest Newark is expected to see a 157% increase in the number of days over 99ºF over the next 30 years. Southwest Newark is expected to experience 7