Newry currently leans toward sellers, with the market gauge showing a seller’s market. Inventory is extremely limited, with just 1 active listing in the latest rolling three-month period. Buyers have very few options, which helps keep conditions tilted toward sellers.
Looking at prices, the typical home value over the recent three-month window is about $64,957, up roughly 10 percent from a year ago. The median list price has risen even faster over the year, increasing around 16 percent, while the median price per square foot is about $34, highlighting how affordability here differs from many larger markets.
Sales activity shows a small but shifting market. Only 1 home sold and 1 new listing came on the market in this period, and pending sales nearly doubled year over year, suggesting more deals are moving toward closing even with low supply. Homes are taking longer to sell, with median days on market rising to 67 days, and the average sale-to-list ratio has dipped to about 93 percent, so some sellers are accepting modest discounts from list price. With no homes selling above asking in this period and very few listings to choose from, both buyers and sellers can benefit from Agent Pronto’s help in finding an agent who understands Newry’s unique dynamics.
