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 April 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
$505,000
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New Britain Township was $505,000 in April 2024, up 1% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $288.5K | $286K | -0.9% |
3 Bedrooms | $440K | $449K | +2.0% |
4 Bedrooms | $565K | $607.5K | +7.5% |
5+ Bedrooms | $614.7K | $651.5K | +6.0% |
Summary: New Britain Township 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 decreased by 0.9%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 6%.
Median Sold Price Compared To Nearby Cities
Chalfont | $515.5K | $550K | +6.7% |
New Britain | $448.5K | $467.5K | +4.2% |
New Britain Township | $500K | $505K | +1.0% |
Colmar | $517.5K | $515.5K | -0.4% |
Housing Supply in New Britain Township, PA
How many homes are available in New Britain Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 30 | +20.0% |
Summary: The New Britain Township real estate market had 30 homes for sale in April 2024, a 20.0% increase 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 | 14 | 14 | 0.0% |
4 Bedrooms | 9 | 13 | +44.4% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The New Britain Township 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 increased by 44.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 10 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in New Britain Township in April 2024, up by 66.7% month-over-month. Of the 10 sold homes, 20% were sold under asking, 10% were sold at asking, and 70% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
11 Days | 8 Days | -22.1% |
Summary: Homes in New Britain Township had an average of 8 days on market in Apr 2024, down by 22.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 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.