Is Newtown Square, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Newtown Square was a Seller's Market.
Housing Prices in Newtown Square, PA
How much do homes in Newtown Square, PA cost?
Median Sold Price
$725,000
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Newtown Square was $725,000 in March 2024, up 9.4% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $169K | $313.7K | +85.7% |
2 Bedrooms | $287.5K | $349.9K | +21.7% |
3 Bedrooms | $586K | $580K | -1.0% |
4 Bedrooms | $689.7K | $900K | +30.5% |
5+ Bedrooms | $1.2M | $1.4M | +21.0% |
Summary: Newtown Square housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 85.7%, 2 bedroom homes increased by 21.7%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 30.5%, and 5+ bedroom homes increased by 21%.
Median Sold Price Compared To Nearby Cities
Edgmont Township | $711.2K | $985K | +38.5% |
Marple Township | $450K | $525K | +16.7% |
Willistown Township | $535K | $615K | +15.0% |
Newtown Square | $662.5K | $725K | +9.4% |
Newtown Township | $650K | $661.7K | +1.8% |
Housing Supply in Newtown Square, PA
How many homes are available in Newtown Square, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
124 | 139 | +12.1% |
Summary: The Newtown Square real estate market had 139 homes for sale in March 2024, a 12.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 12 | 11 | -8.3% |
3 Bedrooms | 49 | 54 | +10.2% |
4 Bedrooms | 29 | 38 | +31.0% |
5+ Bedrooms | 32 | 34 | +6.3% |
Summary: The Newtown Square 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 decreased by 8.3%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 31%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 20 | +122.2% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Newtown Square in March 2024, up by 122.2% month-over-month. Of the 20 sold homes, 55% were sold under asking, 0% were sold at asking, and 45% were sold over asking.
Days on Market for Newtown Square, PA
How long does it take to sell a home in Newtown Square, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
18 Days | 42 Days | +132.5% |
Summary: Homes in Newtown Square had an average of 42 days on market in Mar 2024, up by 132.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in Newtown Square; 65% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.