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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Britain Township is a seller's market

Buyer's
Market

Difference Since November 2021

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.

How much do homes in New Britain Township, PA cost?

Median Sold Price

$467,500

$217/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$52,500(+12.7%)

Key Takeaway

Homes in New Britain Township have sold for 12.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $260K$275K
+5.8%
3 $370K$385K
+4.1%
4 $531.1K$562.5K
+5.9%
5+ $643K$662K
+3.0%

Median Sold Price Compared To Nearby Cities

New Britain
+14.2%
New Britain Township
+12.7%
Chalfont
+7.9%

How many homes are available in New Britain Township, PA?

Number of Homes For Sale

Oct 2022Nov 2022%
4630-34.8%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 63
-50.0%
3 2115
-28.6%
4 168
-50.0%
5+ 34
+33.3%

Number of Homes Sold

Oct 2022Nov 2022%
1612-25.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Britain Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Nov 2022%
17 Days11 Days-36.1%

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in New Britain Township 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 Township, PA

New Britain Township, PA has 30 homes on the market. In November 2022 in New Britain Township, PA there were 34.8% less homes for sale than in October 2022. Listings spent 11 days on the market in November 2022, and had a median list price of $467,500 during the same period. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 5.8%, the cost of 3 bedrooms properties went up by 4.1%, prices of 4 bedrooms properties went up by 5.9%, 5 bedrooms properties prices increased by 3%. Housing inventory have changed in this real estate market: 1 bedroom homes did not move, number of 2 bedrooms homes decreased by 50%, number of 3 bedrooms homes decreased by 28.6%, 4 bedrooms homes inventory decreased by 50%, number of 5 bedrooms homes increased by 33.3%. While more than 6 listings in New Britain Township, PA in November 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 5 were sold below.

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