$1,366 Closing Credit*
$115,000
1,568 SqFt
3 Beds
•1 Full Bath
Laurie Hensel, Listing Office: Berkshire Hathaway The Preferred Realty
Is New Salem, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, New Salem has remained a Seller's Market.
Key Takeaway
New Salem is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Salem, PA
How much do homes in New Salem, PA cost?
Median Sold Price
$200,000
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$5,000(+2.6%)
Key Takeaway
Homes in New Salem have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in New Salem was $200,000 in August 2024, up 2.6% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $156.5K | $46.2K | -70.4% |
| 3 Bedrooms | $203.7K | $200K | -1.8% |
| 4 Bedrooms | $230.9K | $335K | +45.1% |
| 5+ Bedrooms | $27K | $287K | +963.0% |
Summary: New Salem 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 70.4%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 45.1%, and 5+ bedroom homes increased by 963%.
Median Sold Price Compared To Nearby Cities
| New Salem | $195K | $200K | +2.6% |
| North Codorus Township | $300K | $286K | -4.7% |
Housing Supply in New Salem, PA
How many homes are available in New Salem, PA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 15 | 13 | -13.3% |
Summary: The New Salem real estate market had 13 homes for sale in August 2024, a 13.3% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The New Salem 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 remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in New Salem, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in New Salem in August 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for New Salem, PA
How long does it take to sell a home in New Salem, PA?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 31 Days | 40 Days | +27.4% |
Summary: Homes in New Salem had an average of 40 days on market in Aug 2024, up by 27.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in New Salem are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 3 homes were sold in New Salem; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
