Is Newville, 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, Newville was a Seller's Market.
Key Takeaway
Newville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Newville, PA
How much do homes in Newville, PA cost?
Median Sold Price
$275,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Newville have sold for 36.1% more than they did a year ago.
Summary: The median home sold price in Newville was $275,000 in March 2024, up 36.1% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $176K | N/A |
| 2 Bedrooms | $156K | $275K | +76.3% |
| 3 Bedrooms | $250K | $276K | +10.4% |
| 4 Bedrooms | $279.9K | $273K | -2.5% |
| 5+ Bedrooms | $196K | $240K | +22.4% |
Summary: Newville 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 increased by 76.3%, 3 bedroom homes increased by 10.4%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 22.4%.
Median Sold Price Compared To Nearby Cities
| Newville | $202K | $275K | +36.1% |
| West Pennsboro Township | $257.5K | $349.9K | +35.9% |
Housing Supply in Newville, PA
How many homes are available in Newville, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 23 | +9.5% |
Summary: The Newville real estate market had 23 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 | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 5 | +150.0% |
| 3 Bedrooms | 7 | 10 | +42.9% |
| 4 Bedrooms | 9 | 6 | -33.3% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Newville 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 increased by 150%, 3 bedroom homes increased by 42.9%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Newville, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Newville in March 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 10 Days | 64 Days | +516.9% |
Summary: Homes in Newville had an average of 64 days on market in Mar 2024, up by 516.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Newville are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Newville; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
