Newark's Housing Market Soars with a 9.8% Price Increase: Top 5 Luxury Homes Sold in November 2023 Revealed

Newark Housing Market Trends in November

In November 2023, Newark home prices were up 9.8% compared to last year, selling for a median price of $210,000. On average, homes in Newark sell after 41 days on the market compared to 40 days last year. There were 51 homes sold in November this year, down from 58 last year.

Newark Migration & Relocation Trends

In Sep '23 - Nov '23, 29% of Newark homebuyers searched to move out of Newark, while 71% looked to stay within the metropolitan area.

Photo by Redfin

Where are people moving to Newark from?

• Across the nation, 0.55% of homebuyers searched to move into Newark from outside metros.
• Dayton homebuyers searched to move into Newark more than any other metro followed by Chicago and Cleveland.

Where are people from Newark moving to?

• 71% of Newark homebuyers searched to stay within the Newark metropolitan area.
• Sarasota was the most popular destination among Newark homebuyers followed by Cape Coral and Myrtle Beach.

Top 5 Most Expensive Homes Sold in Newark in the Last Month

1. 62 Victoria Dr, Granville, OH, 43023

Photo by Redfin

• Sold on DEC 7, 2023 for $881,000
• 5 Beds, 4 Baths, 8330 Sq Ft
• Description: Granville property with over an acre of land, pond view, gourmet kitchen, two master bedrooms, finished basement, multi-tiered deck, and recent updates including new roof and kitchen countertops. More details here.

2. 10156 Eddyburg Rd NE, Newark, OH, 43055

Photo by Redfin

• Sold on DEC 15, 2023 for $485,000
• 4 Beds, 2 Baths, 2424 Sq Ft
• Description: Two-story home built in 2014 on 4 acres in Licking Valley School District, offering 4 bedrooms, 2.5 baths, office, open concept living room and kitchen, attached 2 car garage, full basement, and large covered deck. More details here.

3. 10279 Fallsburg Rd NE, Newark, OH, 43055

Photo by Redfin

• Sold on DEC 1, 2023 for $480,000
• 3 Beds, 2 Baths, 2000 Sq Ft
• Description: Country property with large split level home, garage, workshop, barns, pond, stream, and 45.36 acres of woods and fields, ideal for farming or hunting. More details here.

4. 1927 Patrick Dr W, Newark, OH, 43055

Photo by Redfin

• Sold on NOV 28, 2023 for $385,000
• 3 Beds, 2 Baths, 2560 Sq Ft
• Description: Ranch home on almost an acre with 3 bedrooms, 2.5 bathrooms, attached 3-car garage, partially finished basement, remodeled kitchen, and outdoor entertaining area with porch, patio, and storage building. More details here.

5. 10474 Butler Rd NE, Newark, OH, 43055

Photo by Redfin

• Sold on DEC 15, 2023 for $380,000
• 3 Beds, 2 Baths, 1698 Sq Ft
• Description: Ranch home on 2.16 private acres with 3 bedrooms, 2 baths, home office, double sided fireplace, new dishwasher, workshop garage, new rustic garage, new metal roof, and new water heater/water softener. More details here.

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