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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Newtown Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Newtown Township, PA

How much do homes in Newtown Township, PA cost?

Median Sold Price

$667,000

$276/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$92,250(+16.1%)

Key Takeaway

Homes in Newtown Township have sold for 16.1% more than they did a year ago.

Summary: The median home sold price in Newtown Township was $667,000 in March 2024, up 16.1% from last year, and the median price per square foot was $276.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $246.2K$277.4K
+12.7%
2 $330K$387.5K
+17.4%
3 $516K$550K
+6.6%
4 $792.5K$840K
+6.0%
5+ $1.2M$1.2M
-3.2%

Summary: Newtown Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.7%, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 3.2%.

Median Sold Price Compared To Nearby Cities

Newtown Township
+16.1%
Southampton
+6.7%
Newtown
+0.8%
Northampton Township
-11.9%

Housing Supply in Newtown Township, PA

How many homes are available in Newtown Township, PA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
9798+1.0%

Summary: The Newtown Township real estate market had 98 homes for sale in March 2024, a 1.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 12
+100.0%
2 2119
-9.5%
3 2923
-20.7%
4 3032
+6.7%
5+ 1622
+37.5%

Summary: The Newtown Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes decreased by 20.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 37.5%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2420-16.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Newtown Township, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 20 homes were sold or pending in Newtown Township in March 2024, down by 16.7% month-over-month. Of the 20 sold homes, 30% were sold under asking, 10% were sold at asking, and 60% were sold over asking.

Days on Market for Newtown Township, PA

How long does it take to sell a home in Newtown Township, PA?

Average Sale Time

Mar 2023Mar 2024CHANGE
33 Days11 Days-66.9%

Summary: Homes in Newtown Township had an average of 11 days on market in Mar 2024, down by 66.9% compared to last year.

Breakdown of Home Sale Times

19 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 Newtown Township are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 20 homes were sold in Newtown Township; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 24 Days Ago

Newest Listings in Newtown Township, PA

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