Is New Wilmington, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, New Wilmington has remained a Seller's Market.
Key Takeaway
New Wilmington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Wilmington, PA
How much do homes in New Wilmington, PA cost?
Median Sold Price
$229,367
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in New Wilmington have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in New Wilmington was $229,367 in April 2024, up 10.3% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $249.9K | N/A |
| 3 Bedrooms | $186K | $206.4K | +11.0% |
| 4 Bedrooms | $335K | $240K | -28.4% |
| 5+ Bedrooms | $137K | $300K | +119.0% |
Summary: New Wilmington housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 11%, 4 bedroom homes decreased by 28.4%, and 5+ bedroom homes increased by 119%.
Median Sold Price Compared To Nearby Cities
| New Wilmington | $208K | $229.3K | +10.3% |
| New Wilmington | $230K | $229.3K | -0.3% |
Housing Supply in New Wilmington, PA
How many homes are available in New Wilmington, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Summary: The New Wilmington real estate market had 9 homes for sale in April 2024, a 10.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The New Wilmington housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Wilmington, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in New Wilmington in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for New Wilmington, PA
How long does it take to sell a home in New Wilmington, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 30 Days | 53 Days | +77.8% |
Summary: Homes in New Wilmington had an average of 53 days on market in Apr 2024, up by 77.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in New Wilmington are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in New Wilmington; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
