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.
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
Summary: The median home sold price in New Cumberland was $265,000 in April 2024, up 6.4% 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 | $189K | $218K | +15.3% |
3 Bedrooms | $245K | $260.2K | +6.2% |
4 Bedrooms | $340K | $340K | 0.0% |
5+ Bedrooms | $427.5K | $357K | -16.5% |
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 15.3%, 3 bedroom homes increased by 6.2%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 16.5%.
Median Sold Price Compared To Nearby Cities
Steelton | $121.2K | $145K | +19.6% |
New Cumberland | $245K | $265K | +8.2% |
Lower Allen Township | $250K | $268K | +7.2% |
New Cumberland | $249K | $265K | +6.4% |
Fairview Township | $307.5K | $317K | +3.1% |
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 | 44 | -17.0% |
Summary: The New Cumberland real estate market had 44 homes for sale in April 2024, a 17.0% 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 | 9 | -30.8% |
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 30.8%, 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
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
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.