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 March 2023

At the same time last year, New Britain Township was a Neutral 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

$507,000

$245/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$18,000(+3.7%)

Key Takeaway

Homes in New Britain Township have sold for 3.7% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $286K$291K
+1.7%
3 $418.7K$453K
+8.2%
4 $557.5K$613.2K
+10.0%
5+ $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
+9.6%
New Britain Township
+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 2024Mar 2024CHANGE
3132+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

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 1416
+14.3%
4 1614
-12.5%
5+ 00
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 2024Mar 2024CHANGE
56+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Britain Township, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.

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 2023Mar 2024CHANGE
10 Days27 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 22 Days Ago

Newest Listings in New Britain Township, PA

Nearby Markets to New Britain Township, PA

What housing markets are near New Britain Township, PA?