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 March 2023
At the same time last year, New Britain Township was a Neutral Market.
Housing Prices in New Britain Township, PA
How much do homes in New Britain Township, PA cost?
Median Sold Price
$507,000
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in New Britain Township was $507,000 in March 2024, up 3.7% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $286K | $291K | +1.7% |
3 Bedrooms | $418.7K | $453K | +8.2% |
4 Bedrooms | $557.5K | $613.2K | +10.0% |
5+ Bedrooms | $614.7K | $651.5K | +6.0% |
Summary: New Britain Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 6%.
Median Sold Price Compared To Nearby Cities
Chalfont | $510K | $559K | +9.6% |
New Britain Township | $489K | $507K | +3.7% |
Housing Supply in New Britain Township, PA
How many homes are available in New Britain Township, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
31 | 32 | +3.2% |
Summary: The New Britain Township real estate market had 32 homes for sale in March 2024, a 3.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 14 | 16 | +14.3% |
4 Bedrooms | 16 | 14 | -12.5% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The New Britain Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in New Britain Township in March 2024, up by 20.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
10 Days | 27 Days | +155.8% |
Summary: Homes in New Britain Township had an average of 27 days on market in Mar 2024, up by 155.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in New Britain Township; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.