Is New Galilee, 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 Galilee has remained a Seller's Market.
Housing Prices in New Galilee, PA
How much do homes in New Galilee, PA cost?
Median Sold Price
$150,000
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in New Galilee was $150,000 in May 2024, down 16.7% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $109K | $143.7K | +31.9% |
3 Bedrooms | $205K | $150K | -26.8% |
4 Bedrooms | $335K | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: New Galilee 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 increased by 31.9%, 3 bedroom homes decreased by 26.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
New Galilee | $165K | $150K | -9.1% |
New Galilee | $180K | $150K | -16.7% |
Housing Supply in New Galilee, PA
How many homes are available in New Galilee, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Summary: The New Galilee real estate market had 5 homes for sale in May 2024, a 25.0% 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 | 2 | 3 | +50.0% |
3 Bedrooms | 2 | 2 | 0.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The New Galilee 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 50%, 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 |
---|---|---|
0 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in New Galilee in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for New Galilee, PA
How long does it take to sell a home in New Galilee, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
56 Days | 0 Days | -99.1% |
Summary: Homes in New Galilee had an average of 0 days on market in May 2024, down by 99.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in New Galilee; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.