Is New Hope, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, New Hope was a Seller's Market.
Housing Prices in New Hope, PA
How much do homes in New Hope, PA cost?
Median Sold Price
$903,000
$327/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in New Hope was $903,000 in June 2024, up 12.7% from last year, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $317.5K | $312.7K | -1.5% |
2 Bedrooms | $518K | $465K | -10.2% |
3 Bedrooms | $650K | $700K | +7.7% |
4 Bedrooms | $995K | $1.1M | +12.6% |
5+ Bedrooms | $1.9M | $1.7M | -9.6% |
Summary: New Hope housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.5%, 2 bedroom homes decreased by 10.2%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes decreased by 9.6%.
Median Sold Price Compared To Nearby Cities
Solebury Township | $730K | $873.7K | +19.7% |
New Hope | $801.2K | $903K | +12.7% |
Lambertville | $553K | $542K | -2.0% |
West Amwell Township | $677K | $585K | -13.6% |
Housing Supply in New Hope, PA
How many homes are available in New Hope, PA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
107 | 116 | +8.4% |
Summary: The New Hope real estate market had 116 homes for sale in June 2024, a 8.4% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 8 | +33.3% |
2 Bedrooms | 7 | 13 | +85.7% |
3 Bedrooms | 22 | 25 | +13.6% |
4 Bedrooms | 45 | 41 | -8.9% |
5+ Bedrooms | 27 | 29 | +7.4% |
Summary: The New Hope housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 85.7%, 3 bedroom homes increased by 13.6%, 4 bedroom homes decreased by 8.9%, and 5+ bedroom homes increased by 7.4%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
15 | 13 | -13.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in New Hope in June 2024, down by 13.3% month-over-month. Of the 13 sold homes, 46% were sold under asking, 15% were sold at asking, and 38% were sold over asking.
Days on Market for New Hope, PA
How long does it take to sell a home in New Hope, PA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
42 Days | 24 Days | -42.9% |
Summary: Homes in New Hope had an average of 24 days on market in Jun 2024, down by 42.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During June 2024, 13 homes were sold in New Hope; 77% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.