Is West Newton, 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, West Newton has remained a Seller's Market.
Key Takeaway
West Newton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Newton, PA
How much do homes in West Newton, PA cost?
Median Sold Price
$155,000
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in West Newton have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in West Newton was $155,000 in March 2024, up 6.9% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $205K | N/A |
| 2 Bedrooms | $123.7K | $116K | -6.2% |
| 3 Bedrooms | $131.5K | $176.7K | +34.4% |
| 4 Bedrooms | $228.4K | $429.9K | +88.2% |
| 5+ Bedrooms | $285K | $50K | -82.5% |
Summary: West Newton 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 decreased by 6.2%, 3 bedroom homes increased by 34.4%, 4 bedroom homes increased by 88.2%, and 5+ bedroom homes decreased by 82.5%.
Median Sold Price Compared To Nearby Cities
| West Newton | $145K | $155K | +6.9% |
| Rostraver Township | $245K | $245K | 0.0% |
| South Huntingdon Township | $178K | $170K | -4.5% |
| Belle Vernon | $212.5K | $179.9K | -15.3% |
Housing Supply in West Newton, PA
How many homes are available in West Newton, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 25 | +25.0% |
Summary: The West Newton real estate market had 25 homes for sale in March 2024, a 25.0% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 10 | 16 | +60.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The West Newton 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 remained the same, 3 bedroom homes increased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 10 | +400.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Newton, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in West Newton in March 2024, up by 400.0% month-over-month. Of the 10 sold homes, 70% were sold under asking, 10% were sold at asking, and 20% were sold over asking.
Days on Market for West Newton, PA
How long does it take to sell a home in West Newton, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 10 Days | 60 Days | +478.1% |
Summary: Homes in West Newton had an average of 60 days on market in Mar 2024, up by 478.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Newton are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in West Newton; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
