Is New Cumberland, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, New Cumberland has remained a Seller's Market.
Key Takeaway
New Cumberland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Cumberland, PA
How much do homes in New Cumberland, PA cost?
Median Sold Price
$265,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in New Cumberland have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in New Cumberland was $265,000 in April 2024, up 8.2% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | - | N/A |
| 2 Bedrooms | $185K | $219.5K | +18.6% |
| 3 Bedrooms | $245K | $260.2K | +6.2% |
| 4 Bedrooms | $310K | $361.5K | +16.6% |
| 5+ Bedrooms | $427.5K | $348.5K | -18.5% |
Summary: New Cumberland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.6%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 16.6%, and 5+ bedroom homes decreased by 18.5%.
Median Sold Price Compared To Nearby Cities
| Lemoyne | $209.2K | $247.5K | +18.3% |
| New Cumberland | $245K | $265K | +8.2% |
| Lower Allen Township | $250K | $268K | +7.2% |
| New Cumberland | $249K | $265K | +6.4% |
| Swatara Township | $230K | $235K | +2.2% |
Housing Supply in New Cumberland, PA
How many homes are available in New Cumberland, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 53 | 45 | -15.1% |
Summary: The New Cumberland real estate market had 45 homes for sale in April 2024, a 15.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 6 | -45.5% |
| 3 Bedrooms | 26 | 25 | -3.8% |
| 4 Bedrooms | 13 | 10 | -23.1% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The New Cumberland 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 decreased by 45.5%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 8 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Cumberland, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in New Cumberland in April 2024, down by 60.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% were sold over asking.
Days on Market for New Cumberland, PA
How long does it take to sell a home in New Cumberland, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 16 Days | 17 Days | +5.3% |
Summary: Homes in New Cumberland had an average of 17 days on market in Apr 2024, up by 5.3% compared to last year.
Breakdown of Home Sale Times
7 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 Cumberland are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in New Cumberland; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
