Is New Freedom, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, New Freedom has remained a Seller's Market.
Housing Prices in New Freedom, PA
How much do homes in New Freedom, PA cost?
Median Sold Price
$360,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New Freedom was $360,000 in April 2024, down 1.6% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $260K | N/A |
3 Bedrooms | $325K | $330K | +1.5% |
4 Bedrooms | $370K | $410K | +10.8% |
5+ Bedrooms | $487K | $460K | -5.5% |
Summary: New Freedom 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 did not change, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes decreased by 5.5%.
Median Sold Price Compared To Nearby Cities
Freeland | $460K | $527.5K | +14.7% |
New Freedom | $366K | $360K | -1.6% |
Shrewsbury Township | $339K | $333.4K | -1.6% |
Housing Supply in New Freedom, PA
How many homes are available in New Freedom, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 28 | +21.7% |
Summary: The New Freedom real estate market had 28 homes for sale in April 2024, a 21.7% 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 | 3 | 3 | 0.0% |
3 Bedrooms | 11 | 12 | +9.1% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The New Freedom 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 remained the same, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 11 | +175.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in New Freedom in April 2024, up by 175.0% month-over-month. Of the 11 sold homes, 27% were sold under asking, 55% were sold at asking, and 18% were sold over asking.
Days on Market for New Freedom, PA
How long does it take to sell a home in New Freedom, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 37 Days | +17.0% |
Summary: Homes in New Freedom had an average of 37 days on market in Apr 2024, up by 17% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in New Freedom; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.