Is Newton, IL 62448 a buyer’s or seller’s market?
Newton is a balanced market. With about 5.1 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Newton housing market right now
In the three months ending August 31, 2026, 0% of homes in Newton, IL 62448 sold above their list price, the typical home went under contract in 126 days and there were 5.1 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 10 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 9%, homes sold more slowly (77 days then) and the median sale price rose 26% to $191,917. Overall, Newton is less competitive than a year ago, which gives buyers more room.
Run the numbers for 62448
Nearby markets
Hidalgo 62432 $110 /sq ftMontrose 62445Seller’s market $161 /sq ftSainte Marie 62459 — /sq ft Browse all markets →Towns like Newton nearby
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Questions about Newton real estate
Is Newton a buyer’s or seller’s market?
A balanced market: there were 5.1 months of supply in Newton, IL 62448 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Newton?
The typical home went under contract in 126 days in the latest three months.
Do homes in Newton sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 93.8% of the list price.
What are property taxes in Newton?
About 1.95% of a home’s value a year in Jasper County, or roughly $7,800 on a $400,000 home.
What is the median home price in Newton?
The median sale price was $191,917 in the three months ending August 31, 2026, about $102 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology