Is Newberry Township, 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, Newberry Township has remained a Seller's Market.
Key Takeaway
Newberry Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newberry Township, PA
How much do homes in Newberry Township, PA cost?
Median Sold Price
$287,495
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Newberry Township have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Newberry Township was $287,495 in April 2024, up 6.5% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $137K | $150K | +9.5% |
| 2 Bedrooms | $166K | $179.9K | +8.4% |
| 3 Bedrooms | $245K | $275K | +12.2% |
| 4 Bedrooms | $345.8K | $377K | +9.0% |
| 5+ Bedrooms | $447.4K | $310K | -30.7% |
Summary: Newberry Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.5%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 9%, and 5+ bedroom homes decreased by 30.7%.
Median Sold Price Compared To Nearby Cities
| Conewago Township | $258K | $314K | +21.7% |
| Etters | $240K | $273.9K | +14.2% |
| Newberry Township | $269.9K | $287.4K | +6.5% |
| Lewisberry | $427.9K | $357.4K | -16.5% |
Housing Supply in Newberry Township, PA
How many homes are available in Newberry Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 62 | 56 | -9.7% |
Summary: The Newberry Township real estate market had 56 homes for sale in April 2024, a 9.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 6 | 3 | -50.0% |
| 3 Bedrooms | 29 | 28 | -3.4% |
| 4 Bedrooms | 25 | 23 | -8.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Newberry Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 17 | -15.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newberry Township, you could pay more than the asking price. 52.9% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Newberry Township in April 2024, down by 15.0% month-over-month. Of the 17 sold homes, 29% were sold under asking, 18% were sold at asking, and 53% were sold over asking.
Days on Market for Newberry Township, PA
How long does it take to sell a home in Newberry Township, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 94 Days | 24 Days | -74.5% |
Summary: Homes in Newberry Township had an average of 24 days on market in Apr 2024, down by 74.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Newberry Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 17 homes were sold in Newberry Township; 82% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
