Is Newtown 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, 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
$661,750
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Newtown Township have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Newtown Township was $661,750 in March 2024, up 1.8% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230.5K | $277.4K | +20.4% |
| 2 Bedrooms | $332K | $360K | +8.4% |
| 3 Bedrooms | $535K | $560.9K | +4.9% |
| 4 Bedrooms | $749K | $835K | +11.5% |
| 5+ Bedrooms | $1.2M | $1.3M | +5.7% |
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 20.4%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Cities
| Edgmont Township | $711.2K | $985K | +38.5% |
| Broomall | $441K | $518K | +17.5% |
| Marple Township | $450K | $525K | +16.7% |
| Newtown Square | $662.5K | $725K | +9.4% |
| Newtown Township | $650K | $661.7K | +1.8% |
Housing Supply in Newtown Township, PA
How many homes are available in Newtown Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 147 | 161 | +9.5% |
Summary: The Newtown Township real estate market had 161 homes for sale in March 2024, a 9.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 24 | 22 | -8.3% |
| 3 Bedrooms | 45 | 44 | -2.2% |
| 4 Bedrooms | 44 | 54 | +22.7% |
| 5+ Bedrooms | 31 | 37 | +19.4% |
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 33.3%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes increased by 19.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 30 | +11.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newtown Township, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Newtown Township in March 2024, up by 11.1% month-over-month. Of the 30 sold homes, 47% were sold under asking, 7% were sold at asking, and 47% 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 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 33 Days | +17.6% |
Summary: Homes in Newtown Township had an average of 33 days on market in Mar 2024, up by 17.6% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newtown Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 30 homes were sold in Newtown Township; 77% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
