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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Cumberland is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, New Cumberland has remained a Seller's Market.

Key Takeaway

New Cumberland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$15,775(+6.3%)

Key Takeaway

Homes in New Cumberland have sold for 6.3% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $127.4K$155K
+21.7%
2 $187K$214K
+14.4%
3 $245K$260K
+6.1%
4 $330K$367.5K
+11.4%
5+ $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
+52.6%
New Cumberland
+8.2%
New Cumberland
+6.3%
Fairview Township
+4.8%
Lower Allen Township
+3.5%

Housing Supply in New Cumberland, PA

How many homes are available in New Cumberland, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
40400.0%

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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 75
-28.6%
3 1618
+12.5%
4 98
-11.1%
5+ 89
+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 2024Feb 2024CHANGE
87-12.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Cumberland, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.

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 2023Feb 2024CHANGE
22 Days24 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 28 Days Ago

Newest Listings in New Cumberland, PA

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