$2,672 Closing Credit*
$224,995
2,416 SqFt
6 Beds
•2 Full Baths, 1 Partial
Elisabeth P. Hamberger, Listing Office: Keller Williams Keystone Realty
Is New Freedom, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, New Freedom was a Seller's Market.
Key Takeaway
New Freedom 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 Freedom, PA
How much do homes in New Freedom, PA cost?
Median Sold Price
$377,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$27,000(+7.7%)
Key Takeaway
Homes in New Freedom have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in New Freedom was $377,000 in August 2024, up 7.7% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $458K | $247.5K | -46.0% |
| 3 Bedrooms | $326K | $350K | +7.3% |
| 4 Bedrooms | $365K | $453.7K | +24.3% |
| 5+ Bedrooms | $460K | $470K | +2.2% |
Summary: New Freedom housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 46%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 24.3%, and 5+ bedroom homes increased by 2.2%.
Median Sold Price Compared To Nearby Cities
| New Freedom | $350K | $377K | +7.7% |
| Shrewsbury Township | $330K | $340K | +3.0% |
| Freeland | $515K | $445K | -13.6% |
Housing Supply in New Freedom, PA
How many homes are available in New Freedom, PA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 33 | 30 | -9.1% |
Summary: The New Freedom real estate market had 30 homes for sale in August 2024, a 9.1% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The New Freedom housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 12 | 5 | -58.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in New Freedom, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in New Freedom in August 2024, down by 58.3% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 11 Days | 9 Days | -16.4% |
Summary: Homes in New Freedom had an average of 9 days on market in Aug 2024, down by 16.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Freedom are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 5 homes were sold in New Freedom; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
