Is New Castle, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, New Castle was a Seller's Market.
Housing Prices in New Castle, PA
How much do homes in New Castle, PA cost?
Median Sold Price
$125,100
$89/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New Castle was $125,100 in April 2024, up 56.4% from last year, and the median price per square foot was $89.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $27K | $46.4K | +72.0% |
2 Bedrooms | $59.9K | $83.5K | +39.4% |
3 Bedrooms | $85.4K | $135K | +58.0% |
4 Bedrooms | $101.9K | $173.7K | +70.5% |
5+ Bedrooms | $102.5K | $277.5K | +170.7% |
Summary: New Castle housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 72%, 2 bedroom homes increased by 39.4%, 3 bedroom homes increased by 58%, 4 bedroom homes increased by 70.5%, and 5+ bedroom homes increased by 170.7%.
Median Sold Price Compared To Nearby Cities
New Castle | $80K | $125.1K | +56.4% |
Union Township | $123.5K | $141.5K | +14.6% |
Neshannock Township | $219.9K | $240K | +9.1% |
Shenango Township | $190.2K | $187.5K | -1.5% |
Housing Supply in New Castle, PA
How many homes are available in New Castle, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
234 | 244 | +4.3% |
Summary: The New Castle real estate market had 244 homes for sale in April 2024, a 4.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 58 | 60 | +3.4% |
3 Bedrooms | 133 | 132 | -0.8% |
4 Bedrooms | 36 | 43 | +19.4% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The New Castle housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.4%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
45 | 36 | -20.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in New Castle in April 2024, down by 20.0% month-over-month. Of the 36 sold homes, 50% were sold under asking, 22% were sold at asking, and 28% were sold over asking.
Days on Market for New Castle, PA
How long does it take to sell a home in New Castle, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
83 Days | 79 Days | -5.7% |
Summary: Homes in New Castle had an average of 79 days on market in Apr 2024, down by 5.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During April 2024, 36 homes were sold in New Castle; 25% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.