Is Newtown Township, 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, Newtown Township was a Seller's Market.
Key Takeaway
Newtown Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Newtown Township, PA
How much do homes in Newtown Township, PA cost?
Median Sold Price
$674,000
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Newtown Township have sold for 20.1% more than they did a year ago.
Summary: The median home sold price in Newtown Township was $674,000 in April 2024, up 20.1% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $287.4K | +12.7% |
| 2 Bedrooms | $332K | $388.7K | +17.1% |
| 3 Bedrooms | $510K | $562K | +10.2% |
| 4 Bedrooms | $800K | $837.5K | +4.7% |
| 5+ Bedrooms | $1.3M | $1.2M | -2.7% |
Summary: Newtown Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.7%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 2.7%.
Median Sold Price Compared To Nearby Cities
| Newtown Township | $561K | $674K | +20.1% |
| Southampton | $447.5K | $484.9K | +8.4% |
| Newtown | $665K | $673K | +1.2% |
| Northampton Township | $497K | $449.8K | -9.5% |
Housing Supply in Newtown Township, PA
How many homes are available in Newtown Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 71 | 76 | +7.0% |
Summary: The Newtown Township real estate market had 76 homes for sale in April 2024, a 7.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 13 | 11 | -15.4% |
| 3 Bedrooms | 21 | 29 | +38.1% |
| 4 Bedrooms | 21 | 18 | -14.3% |
| 5+ Bedrooms | 14 | 16 | +14.3% |
Summary: The Newtown Township 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 15.4%, 3 bedroom homes increased by 38.1%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 9 | -59.1% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newtown Township, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Newtown Township in April 2024, down by 59.1% month-over-month. Of the 9 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Newtown Township, PA
How long does it take to sell a home in Newtown Township, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 11 Days | 5 Days | -50.0% |
Summary: Homes in Newtown Township had an average of 5 days on market in Apr 2024, down by 50% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newtown Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Newtown Township; 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.
