Is New Castle Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, New Castle Township was a Seller's Market.
Key Takeaway
New Castle Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in New Castle Township, PA
How much do homes in New Castle Township, PA cost?
Median Sold Price
$125,000
$89/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in New Castle Township have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in New Castle Township was $125,000 in April 2024, up 5.2% from last year, and the median price per square foot was $89.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $46.4K | N/A |
| 2 Bedrooms | $58.6K | $83.5K | +42.4% |
| 3 Bedrooms | $129K | $135K | +4.7% |
| 4 Bedrooms | $124.5K | $171.7K | +38.0% |
| 5+ Bedrooms | $350K | $277.5K | -20.7% |
Summary: New Castle Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 42.4%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 38%, and 5+ bedroom homes decreased by 20.7%.
Median Sold Price Compared To Nearby Cities
| New Castle Township | $118.8K | $125K | +5.2% |
| Norwegian Township | $317K | $310K | -2.2% |
| Frackville | $115.5K | $102.5K | -11.3% |
| Saint Clair | $109.9K | $82.5K | -25.0% |
Housing Supply in New Castle Township, PA
How many homes are available in New Castle Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 225 | 235 | +4.4% |
Summary: The New Castle Township real estate market had 235 homes for sale in April 2024, a 4.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 54 | 56 | +3.7% |
| 3 Bedrooms | 130 | 129 | -0.8% |
| 4 Bedrooms | 35 | 42 | +20.0% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The New Castle Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.7%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 45 | 37 | -17.8% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Castle Township, you may be able to get a good deal. 48.6% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in New Castle Township in April 2024, down by 17.8% month-over-month. Of the 37 sold homes, 49% were sold under asking, 22% were sold at asking, and 30% were sold over asking.
Days on Market for New Castle Township, PA
How long does it take to sell a home in New Castle Township, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 83 Days | 77 Days | -7.7% |
Summary: Homes in New Castle Township had an average of 77 days on market in Apr 2024, down by 7.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in New Castle Township has remained consistent over time.
Summary: During April 2024, 37 homes were sold in New Castle Township; 27% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 30% 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.