Is New Wilmington, 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 Wilmington has remained a Seller's Market.
Housing Prices in New Wilmington, PA
How much do homes in New Wilmington, PA cost?
Median Sold Price
$247,450
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in New Wilmington was $247,450 in May 2024, up 7.7% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $108K | $254.9K | +136.1% |
3 Bedrooms | $200.7K | $213K | +6.1% |
4 Bedrooms | $259.3K | $245K | -5.5% |
5+ Bedrooms | $137K | $300K | +119.0% |
Summary: New Wilmington 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 136.1%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes increased by 119%.
Median Sold Price Compared To Nearby Cities
New Wilmington | $229.6K | $247.4K | +7.7% |
New Wilmington | $233.9K | $245K | +4.7% |
Housing Supply in New Wilmington, PA
How many homes are available in New Wilmington, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 11 | -15.4% |
Summary: The New Wilmington real estate market had 11 homes for sale in May 2024, a 15.4% decrease 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 | 2 | 0.0% |
3 Bedrooms | 6 | 3 | -50.0% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The New Wilmington 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 remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in New Wilmington in May 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.
Days on Market for New Wilmington, PA
How long does it take to sell a home in New Wilmington, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
4 Days | 58 Days | +1356.3% |
Summary: Homes in New Wilmington had an average of 58 days on market in May 2024, up by 1356.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in New Wilmington; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.