Is New Cumberland, 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 Cumberland has remained a Seller's Market.
Housing Prices in New Cumberland, PA
How much do homes in New Cumberland, PA cost?
Median Sold Price
$265,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in New Cumberland was $265,000 in May 2024, up 6% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | - | N/A |
2 Bedrooms | $189K | $221K | +16.9% |
3 Bedrooms | $245K | $265K | +8.2% |
4 Bedrooms | $380.3K | $330K | -13.2% |
5+ Bedrooms | $439.9K | $348.5K | -20.8% |
Summary: New Cumberland 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 16.9%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 13.2%, and 5+ bedroom homes decreased by 20.8%.
Median Sold Price Compared To Nearby Cities
Steelton | $125.5K | $142.5K | +13.5% |
New Cumberland | $249K | $265K | +6.4% |
New Cumberland | $249.9K | $265K | +6.0% |
Lower Allen Township | $255K | $268K | +5.1% |
Fairview Township | $315K | $318.5K | +1.1% |
Housing Supply in New Cumberland, PA
How many homes are available in New Cumberland, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
47 | 47 | 0.0% |
Summary: The New Cumberland real estate market had 47 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 26 | 27 | +3.8% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The New Cumberland housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 3.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 18 | +125.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in New Cumberland in May 2024, up by 125.0% month-over-month. Of the 18 sold homes, 17% were sold under asking, 6% were sold at asking, and 78% were sold over asking.
Days on Market for New Cumberland, PA
How long does it take to sell a home in New Cumberland, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
14 Days | 9 Days | -33.9% |
Summary: Homes in New Cumberland had an average of 9 days on market in May 2024, down by 33.9% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 18 homes were sold in New Cumberland; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.