Is New Britain Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, New Britain Township has remained a Seller's Market.
Housing Prices in New Britain Township, PA
How much do homes in New Britain Township, PA cost?
Median Sold Price
$497,500
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in New Britain Township was $497,500 in May 2024, down 1.7% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $291.1K | $315.5K | +8.4% |
3 Bedrooms | $479.9K | $444.5K | -7.4% |
4 Bedrooms | $560K | $610.7K | +9.1% |
5+ Bedrooms | $584.2K | $685K | +17.2% |
Summary: New Britain Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.4%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 17.2%.
Median Sold Price Compared To Nearby Cities
Chalfont | $525K | $550K | +4.8% |
Colmar | $495.5K | $515K | +3.9% |
New Britain Township | $506.2K | $497.5K | -1.7% |
Housing Supply in New Britain Township, PA
How many homes are available in New Britain Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 30 | -14.3% |
Summary: The New Britain Township real estate market had 30 homes for sale in May 2024, a 14.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 17 | 12 | -29.4% |
4 Bedrooms | 15 | 15 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The New Britain Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 29.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 9 | -10.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in New Britain Township in May 2024, down by 10.0% month-over-month. Of the 9 sold homes, 11% were sold under asking, 22% were sold at asking, and 67% were sold over asking.
Days on Market for New Britain Township, PA
How long does it take to sell a home in New Britain Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
7 Days | 5 Days | -31.2% |
Summary: Homes in New Britain Township had an average of 5 days on market in May 2024, down by 31.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in New Britain Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.