Is Newville, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Newville is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Newville, PA

How much do homes in Newville, PA cost?

Median Sold Price

$275,500

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$20,500(+8.0%)

Key Takeaway

Homes in Newville have sold for 8% more than they did a year ago.

Summary: The median home sold price in Newville was $275,500 in September 2024, up 8% from last year, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $176K-
N/A
2 $210K$217.5K
+3.6%
3 $265K$276K
+4.2%
4 $315K$291.5K
-7.5%
5+ $240K$430.5K
+79.4%

Summary: Newville housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes increased by 79.4%.

Median Sold Price Compared To Nearby Cities

Newville
+8.0%
West Pennsboro Township
0.3%
North Newton Township
-9.3%

Housing Supply in Newville, PA

How many homes are available in Newville, PA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2519-24.0%

Summary: The Newville real estate market had 19 homes for sale in September 2024, a 24.0% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 01
+100.0%
2 22
0.0%
3 148
-42.9%
4 45
+25.0%
5+ 53
-40.0%

Summary: The Newville housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 42.9%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
105-50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Newville, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Newville in September 2024, down by 50.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for Newville, PA

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

Average Sale Time

Sep 2023Sep 2024CHANGE
24 Days37 Days+51.3%

Summary: Homes in Newville had an average of 37 days on market in Sep 2024, up by 51.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Newville are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 5 homes were sold in Newville; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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 30 Days Ago

Newest Listings in Newville, PA

Nearby Markets to Newville, PA