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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New London Township is a seller's market

Buyer's
Market

Difference Since September 2021

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

Key Takeaway

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

How much do homes in New London Township, PA cost?

Median Sold Price

$490,000

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$50,000(+11.4%)

Key Takeaway

Homes in New London Township have sold for 11.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 --
N/A
2 $224K$381K
+70.1%
3 $350K$361K
+3.1%
4 $455.6K$528.5K
+16.0%
5+ $529.5K$580K
+9.5%

Median Sold Price Compared To Nearby Cities

Elk Township
+32.0%
Penn Township
+27.7%
Lincoln University
+21.2%
Franklin Township
+17.0%
New London Township
+11.4%

How many homes are available in New London Township, PA?

Number of Homes For Sale

Aug 2022Sep 2022%
1314+7.7%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 00
0.0%
3 35
+66.7%
4 77
0.0%
5+ 32
-33.3%

Number of Homes Sold

Aug 2022Sep 2022%
45+25.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New London Township, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Average Sale Time

Sep 2021Sep 2022%
7 Days15 Days+93.5%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About New London Township, PA

New London Township, PA has 14 homes on the market. Between August 2022 and September 2022, New London Township, PA real estate market has seen increase in the number of listings by 7.7%. The median list price of listings available in September 2022 was $490,000, while the average time on the real estate market was 15 days. Between August 2022 and September 2022, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 0%, 2 bedrooms properties prices increased by 70.1%, 3 bedrooms properties became 3.1% more expensive, prices of 4 bedrooms properties went up by 16%, 5 bedrooms properties became 9.5% more expensive. This housing market inventory have changed: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes stayed the same, 3 bedrooms homes inventory increased by 66.7%, 4 bedrooms homes inventory did not change, the quantity of 5 bedrooms homes went down by 33.3%. New London Township, PA housing market in September 2022 saw over 2 listings sold above listed price, more than 3 sold at listed price and over 0 sold below.

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