Is New Philadelphia, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, New Philadelphia has remained a Seller's Market.
Housing Prices in New Philadelphia, OH
How much do homes in New Philadelphia, OH cost?
Median Sold Price
$198,333
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in New Philadelphia was $198,333 in May 2024, up 12.7% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $66.5K | - | N/A |
2 Bedrooms | $134.5K | $120K | -10.7% |
3 Bedrooms | $180K | $192K | +6.7% |
4 Bedrooms | $234.7K | $298.9K | +27.3% |
5+ Bedrooms | $275K | $252.5K | -8.2% |
Summary: New Philadelphia housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.7%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes decreased by 8.2%.
Median Sold Price Compared To Nearby Cities
Fairfield Township | $195K | $245K | +25.6% |
Goshen Township | $196K | $246K | +25.5% |
New Philadelphia | $176K | $198.3K | +12.7% |
Dover | $201.5K | $209K | +3.7% |
Dover Township | $203.9K | $209K | +2.5% |
Housing Supply in New Philadelphia, OH
How many homes are available in New Philadelphia, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
46 | 56 | +21.7% |
Summary: The New Philadelphia real estate market had 56 homes for sale in May 2024, a 21.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 10 | +11.1% |
3 Bedrooms | 27 | 30 | +11.1% |
4 Bedrooms | 6 | 10 | +66.7% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The New Philadelphia housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 19 | +26.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in New Philadelphia in May 2024, up by 26.7% month-over-month. Of the 19 sold homes, 53% were sold under asking, 11% were sold at asking, and 37% were sold over asking.
Days on Market for New Philadelphia, OH
How long does it take to sell a home in New Philadelphia, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
42 Days | 39 Days | -5.1% |
Summary: Homes in New Philadelphia had an average of 39 days on market in May 2024, down by 5.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in New Philadelphia; 47% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.