Is New Cumberland, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, New Cumberland has remained a Seller's Market.
Housing Prices in New Cumberland, PA
How much do homes in New Cumberland, PA cost?
Median Sold Price
$264,775
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in New Cumberland was $264,775 in February 2024, up 6.3% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $127.4K | $155K | +21.7% |
2 Bedrooms | $187K | $214K | +14.4% |
3 Bedrooms | $245K | $260K | +6.1% |
4 Bedrooms | $330K | $367.5K | +11.4% |
5+ Bedrooms | $395K | $378K | -4.3% |
Summary: New Cumberland housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.7%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes decreased by 4.3%.
Median Sold Price Compared To Nearby Cities
Steelton | $95K | $145K | +52.6% |
New Cumberland | $245K | $265K | +8.2% |
New Cumberland | $249K | $264.7K | +6.3% |
Fairview Township | $302.5K | $317K | +4.8% |
Lower Allen Township | $256.1K | $265K | +3.5% |
Housing Supply in New Cumberland, PA
How many homes are available in New Cumberland, PA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
40 | 40 | 0.0% |
Summary: The New Cumberland real estate market had 40 homes for sale in February 2024, the same as January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 5 | -28.6% |
3 Bedrooms | 16 | 18 | +12.5% |
4 Bedrooms | 9 | 8 | -11.1% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The New Cumberland housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
8 | 7 | -12.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in New Cumberland in February 2024, down by 12.5% month-over-month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.
Days on Market for New Cumberland, PA
How long does it take to sell a home in New Cumberland, PA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
22 Days | 24 Days | +10.5% |
Summary: Homes in New Cumberland had an average of 24 days on market in Feb 2024, up by 10.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 7 homes were sold in New Cumberland; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.