Is West Newton, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, West Newton was a Buyer's Market.
Key Takeaway
West Newton is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in West Newton, PA
How much do homes in West Newton, PA cost?
Median Sold Price
$170,000
$100/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in West Newton have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in West Newton was $170,000 in May 2024, up 6.3% from last year, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $48K | $205K | +327.1% |
| 2 Bedrooms | $111.2K | $116K | +4.3% |
| 3 Bedrooms | $180K | $180K | 0.0% |
| 4 Bedrooms | $260K | $359.9K | +38.4% |
| 5+ Bedrooms | $285K | $50K | -82.5% |
Summary: West Newton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 327.1%, 2 bedroom homes increased by 4.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 38.4%, and 5+ bedroom homes decreased by 82.5%.
Median Sold Price Compared To Nearby Cities
| West Newton | $160K | $170K | +6.3% |
| Rostraver Township | $237.5K | $245K | +3.2% |
| Belle Vernon | $200K | $195K | -2.5% |
Housing Supply in West Newton, PA
How many homes are available in West Newton, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 19 | -17.4% |
Summary: The West Newton real estate market had 19 homes for sale in May 2024, a 17.4% 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 | 3 | 1 | -66.7% |
| 3 Bedrooms | 17 | 13 | -23.5% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The West Newton 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 66.7%, 3 bedroom homes decreased by 23.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in West Newton, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in West Newton in May 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for West Newton, PA
How long does it take to sell a home in West Newton, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 93 Days | 16 Days | -82.8% |
Summary: Homes in West Newton had an average of 16 days on market in May 2024, down by 82.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Newton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in West Newton; 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.
