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 June 2023
Since last year, New Britain Township has remained a Seller's Market.
Key Takeaway
New Britain Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Britain Township, PA
How much do homes in New Britain Township, PA cost?
Median Sold Price
$505,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in New Britain Township have sold for 1% more than they did a year ago.
Summary: The median home sold price in New Britain Township was $505,000 in June 2024, up 1% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $300K | N/A |
| 2 Bedrooms | $291.1K | $315.5K | +8.4% |
| 3 Bedrooms | $457.5K | $451.5K | -1.3% |
| 4 Bedrooms | $552.5K | $615K | +11.3% |
| 5+ Bedrooms | $584.2K | $660K | +13.0% |
Summary: New Britain Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.4%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 13%.
Median Sold Price Compared To Nearby Cities
| Chalfont | $525K | $559.5K | +6.6% |
| New Britain | $448.5K | $460K | +2.6% |
| New Britain Township | $500K | $505K | +1.0% |
Housing Supply in New Britain Township, PA
How many homes are available in New Britain Township, PA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 35 | 36 | +2.9% |
Summary: The New Britain Township real estate market had 36 homes for sale in June 2024, a 2.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 13 | 17 | +30.8% |
| 4 Bedrooms | 16 | 14 | -12.5% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The New Britain Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 30.8%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 14 | 10 | -28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Britain Township, you could pay more than the asking price. 70% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in New Britain Township in June 2024, down by 28.6% month-over-month. Of the 10 sold homes, 20% were sold under asking, 10% were sold at asking, and 70% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 5 Days | 13 Days | +154.7% |
Summary: Homes in New Britain Township had an average of 13 days on market in Jun 2024, up by 154.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Britain Township are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 10 homes were sold in New Britain Township; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
