Is New Philadelphia, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Philadelphia is a seller's market

Buyer's
Market

Difference Since September 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

$191,000

$108/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$7,000(+3.8%)

Key Takeaway

Homes in New Philadelphia have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in New Philadelphia was $191,000 in September 2024, up 3.8% from last year, and the median price per square foot was $108.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $72K$59.9K
-16.8%
2 $137K$122.6K
-10.5%
3 $189.9K$192K
+1.1%
4 $250K$248.5K
-0.6%
5+ $267.5K$255K
-4.7%

Summary: New Philadelphia housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.8%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 4.7%.

Median Sold Price Compared To Nearby Cities

Fairfield Township
+26.5%
Goshen Township
+5.5%
Dover
+4.9%
Dover Township
+4.9%
New Philadelphia
+3.8%

Housing Supply in New Philadelphia, OH

How many homes are available in New Philadelphia, OH?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
8870-20.5%

Summary: The New Philadelphia real estate market had 70 homes for sale in September 2024, a 20.5% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 1211
-8.3%
3 5642
-25.0%
4 1513
-13.3%
5+ 43
-25.0%

Summary: The New Philadelphia housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
3019-36.7%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Philadelphia, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in New Philadelphia in September 2024, down by 36.7% month-over-month. Of the 19 sold homes, 47% were sold under asking, 32% were sold at asking, and 21% 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

Sep 2023Sep 2024CHANGE
55 Days36 Days-33.0%

Summary: Homes in New Philadelphia had an average of 36 days on market in Sep 2024, down by 33% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in New Philadelphia are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 19 homes were sold in New Philadelphia; 42% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 6 Days Ago

Newest Listings in New Philadelphia, OH

Nearby Markets to New Philadelphia, OH

What housing markets are near New Philadelphia, OH?