Is New Philadelphia, OH 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 Philadelphia has remained a Seller's Market.
Key Takeaway
New Philadelphia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Philadelphia, OH
How much do homes in New Philadelphia, OH cost?
Median Sold Price
$198,266
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in New Philadelphia have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in New Philadelphia was $198,266 in April 2024, up 12.8% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $66.5K | - | N/A |
| 2 Bedrooms | $126.7K | $120K | -5.3% |
| 3 Bedrooms | $180K | $197.4K | +9.7% |
| 4 Bedrooms | $250K | $294.9K | +18.0% |
| 5+ Bedrooms | $282.5K | $275K | -2.7% |
Summary: New Philadelphia 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 5.3%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 18%, and 5+ bedroom homes decreased by 2.7%.
Median Sold Price Compared To Nearby Cities
| Goshen Township | $193K | $246K | +27.5% |
| New Philadelphia | $175.7K | $198.2K | +12.8% |
| Dover | $198.7K | $201.3K | +1.3% |
| Dover Township | $200K | $201.3K | +0.7% |
| Fairfield Township | $249.9K | $245K | -2.0% |
Housing Supply in New Philadelphia, OH
How many homes are available in New Philadelphia, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 48 | 48 | 0.0% |
Summary: The New Philadelphia real estate market had 48 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 31 | 29 | -6.5% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The New Philadelphia 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 decreased by 6.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 14 | -17.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Philadelphia, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in New Philadelphia in April 2024, down by 17.6% month-over-month. Of the 13 sold homes, 38% were sold under asking, 23% were sold at asking, and 38% were sold over asking.
Days on Market for New Philadelphia, OH
How long does it take to sell a home in New Philadelphia, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 47 Days | 33 Days | -28.3% |
Summary: Homes in New Philadelphia had an average of 33 days on market in Apr 2024, down by 28.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in New Philadelphia are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in New Philadelphia; 57% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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