Is Newtown Square, 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, Newtown Square has remained a Seller's Market.
Housing Prices in Newtown Square, PA
How much do homes in Newtown Square, PA cost?
Median Sold Price
$718,666
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Newtown Square was $718,666 in April 2024, up 6.5% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $169K | $313.7K | +85.7% |
2 Bedrooms | $297.5K | $344.9K | +15.9% |
3 Bedrooms | $610K | $575K | -5.7% |
4 Bedrooms | $710K | $862.5K | +21.5% |
5+ Bedrooms | $1.2M | $1.4M | +23.6% |
Summary: Newtown Square housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 85.7%, 2 bedroom homes increased by 15.9%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 21.5%, and 5+ bedroom homes increased by 23.6%.
Median Sold Price Compared To Nearby Cities
Willistown Township | $532.5K | $625.5K | +17.5% |
Marple Township | $459K | $525K | +14.4% |
Edgmont Township | $811.4K | $926.9K | +14.2% |
Newtown Square | $675K | $718.6K | +6.5% |
Newtown Township | $650K | $656.5K | +1.0% |
Housing Supply in Newtown Square, PA
How many homes are available in Newtown Square, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
87 | 99 | +13.8% |
Summary: The Newtown Square real estate market had 99 homes for sale in April 2024, a 13.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 7 | 3 | -57.1% |
3 Bedrooms | 32 | 36 | +12.5% |
4 Bedrooms | 28 | 34 | +21.4% |
5+ Bedrooms | 20 | 24 | +20.0% |
Summary: The Newtown Square housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 57.1%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 18 | -18.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Newtown Square in April 2024, down by 18.2% month-over-month. Of the 18 sold homes, 28% were sold under asking, 22% were sold at asking, and 50% were sold over asking.
Days on Market for Newtown Square, PA
How long does it take to sell a home in Newtown Square, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 16 Days | -32.5% |
Summary: Homes in Newtown Square had an average of 16 days on market in Apr 2024, down by 32.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Newtown Square; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.