Is Newlin Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Newlin Township has remained a Seller's Market.
Key Takeaway
Newlin Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newlin Township, PA
How much do homes in Newlin Township, PA cost?
Median Sold Price
$1,347,500
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Newlin Township have sold for 22.5% more than they did a year ago.
Summary: The median home sold price in Newlin Township was $1,347,500 in March 2024, up 22.5% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $937.5K | $810K | -13.6% |
| 3 Bedrooms | $940K | $546.1K | -41.9% |
| 4 Bedrooms | $958.1K | $1.5M | +63.1% |
| 5+ Bedrooms | $1.2M | $1.4M | +13.1% |
Summary: Newlin Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.6%, 3 bedroom homes decreased by 41.9%, 4 bedroom homes increased by 63.1%, and 5+ bedroom homes increased by 13.1%.
Median Sold Price Compared To Nearby Cities
| Newlin Township | $1.1M | $1.3M | +22.5% |
| West Bradford Township | $483K | $558.5K | +15.6% |
| East Fallowfield Township | $380K | $420K | +10.5% |
| Pocopson Township | $800.7K | $765K | -4.5% |
Housing Supply in Newlin Township, PA
How many homes are available in Newlin Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Summary: The Newlin Township real estate market had 5 homes for sale in March 2024, a 16.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Newlin Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newlin Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Newlin Township in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Newlin Township, PA
How long does it take to sell a home in Newlin Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 197 Days | 60 Days | -69.6% |
Summary: Homes in Newlin Township had an average of 60 days on market in Mar 2024, down by 69.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Newlin Township has remained consistent over time.
Summary: During March 2024, 2 homes were sold in Newlin Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
