Is New Britain, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Britain is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, New Britain has remained a Seller's Market.

Key Takeaway

New Britain is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in New Britain, PA cost?

Median Sold Price

$350,000

$216/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$37,000(+11.8%)

Key Takeaway

Homes in New Britain have sold for 11.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 --
N/A
2 $252.5K$282K
+11.7%
3 $330K$345K
+4.5%
4 $462.5K$510K
+10.3%
5+ $453K$635K
+40.2%

Median Sold Price Compared To Nearby Cities

Chalfont
+18.8%
New Britain Township
+12.3%
New Britain
+11.8%
Doylestown Township
+11.7%

How many homes are available in New Britain, PA?

Number of Homes For Sale

Sep 2022Oct 2022%
910+11.1%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 22
0.0%
3 45
+25.0%
4 33
0.0%
5+ 00
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
15+400.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 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 Britain, you could pay more than the asking price. 80% of homes here sold above asking price last month.

Average Sale Time

Oct 2021Oct 2022%
18 Days13 Days-23.3%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About New Britain, PA

There are 10 homes are for sale in New Britain, PA real estate market. Between September 2022 and October 2022, New Britain, PA real estate market has seen increase in the number of listings by 11.1%. While the average time on the market in October 2022 was 13 days, the median list price was $350,000. Real estate listing prices changed between September 2022 and October 2022: the cost of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 11.7%, 3 bedrooms properties became 4.5% more expensive, 4 bedrooms properties prices increased by 10.3%, the cost of 5 bedrooms properties went up by 40.2%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes stayed the same, 3 bedrooms homes became 25% more available, volume of 4 bedrooms homes stayed the same, 5 bedrooms homes inventory did not change. In October 2022, from all listings sold in New Britain, PA there were more than 4 sold above asking price, over 1 sold below and more than 0 were sold right at the asked price.

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