Is New Castle, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, New Castle has remained a Seller's Market.
Key Takeaway
New Castle is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Castle, PA
How much do homes in New Castle, PA cost?
Median Sold Price
$125,041
$86/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in New Castle have sold for 63.3% more than they did a year ago.
Summary: The median home sold price in New Castle was $125,041 in March 2024, up 63.3% from last year, and the median price per square foot was $86.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $27K | $46.4K | +72.0% |
| 2 Bedrooms | $53K | $83.5K | +57.5% |
| 3 Bedrooms | $82.5K | $133.5K | +61.9% |
| 4 Bedrooms | $90K | $172.5K | +91.7% |
| 5+ Bedrooms | $74.5K | $292.5K | +292.6% |
Summary: New Castle housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 72%, 2 bedroom homes increased by 57.5%, 3 bedroom homes increased by 61.9%, 4 bedroom homes increased by 91.7%, and 5+ bedroom homes increased by 292.6%.
Median Sold Price Compared To Nearby Cities
| New Castle | $76.5K | $125K | +63.3% |
| Union Township | $123.5K | $139.9K | +13.3% |
| Neshannock Township | $220K | $231K | +5.0% |
| Shenango Township | $190.5K | $183K | -3.9% |
Housing Supply in New Castle, PA
How many homes are available in New Castle, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 226 | 246 | +8.8% |
Summary: The New Castle real estate market had 246 homes for sale in March 2024, a 8.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 50 | 62 | +24.0% |
| 3 Bedrooms | 126 | 137 | +8.7% |
| 4 Bedrooms | 41 | 39 | -4.9% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The New Castle housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 24%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 43 | +43.3% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Castle, you may be able to get a good deal. 44.2% of homes here sold below asking price last month.
Summary: A total of 43 homes were sold or pending in New Castle in March 2024, up by 43.3% month-over-month. Of the 43 sold homes, 44% were sold under asking, 21% were sold at asking, and 35% were sold over asking.
Days on Market for New Castle, PA
How long does it take to sell a home in New Castle, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 94 Days | 50 Days | -46.7% |
Summary: Homes in New Castle had an average of 50 days on market in Mar 2024, down by 46.7% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Castle are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 43 homes were sold in New Castle; 40% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.