Is New Alexandria, PA 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 Alexandria has remained a Seller's Market.
Key Takeaway
New Alexandria is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Alexandria, PA
How much do homes in New Alexandria, PA cost?
Median Sold Price
$189,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in New Alexandria have sold for 11.2% more than they did a year ago.
Summary: The median home sold price in New Alexandria was $189,000 in May 2024, up 11.2% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $163K | N/A |
| 3 Bedrooms | $175.8K | $275K | +56.4% |
| 4 Bedrooms | $107.5K | $175K | +62.8% |
| 5+ Bedrooms | $540K | $665K | +23.1% |
Summary: New Alexandria 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 did not change, 3 bedroom homes increased by 56.4%, 4 bedroom homes increased by 62.8%, and 5+ bedroom homes increased by 23.1%.
Median Sold Price Compared To Nearby Cities
| New Alexandria | $170K | $189K | +11.2% |
| Salem Township | $230K | $245K | +6.5% |
| Derry Township | $180K | $175K | -2.8% |
Housing Supply in New Alexandria, PA
How many homes are available in New Alexandria, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Summary: The New Alexandria real estate market had 7 homes for sale in May 2024, a 16.7% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The New Alexandria 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 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Alexandria, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in New Alexandria in May 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for New Alexandria, PA
How long does it take to sell a home in New Alexandria, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 7 Days | 19 Days | +171.4% |
Summary: Homes in New Alexandria had an average of 19 days on market in May 2024, up by 171.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Alexandria are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in New Alexandria; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
