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.
Housing Prices in Newtown Township, PA
How much do homes in Newtown Township, PA cost?
Median Sold Price
$656,500
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Newtown Township was $656,500 in April 2024, up 1% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $242.7K | $287.4K | +18.4% |
2 Bedrooms | $332K | $360K | +8.4% |
3 Bedrooms | $535K | $565K | +5.6% |
4 Bedrooms | $762.5K | $810K | +6.2% |
5+ Bedrooms | $1.2M | $1.3M | +5.7% |
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 18.4%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Cities
Broomall | $451.3K | $522.5K | +15.8% |
Marple Township | $459K | $525K | +14.4% |
Edgmont Township | $811.4K | $926.9K | +14.2% |
Newtown Square | $675K | $718.6K | +6.5% |
Newtown Township | $650K | $656.5K | +1.0% |
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 |
---|---|---|
111 | 125 | +12.6% |
Summary: The Newtown Township real estate market had 125 homes for sale in April 2024, a 12.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 16 | 13 | -18.8% |
3 Bedrooms | 35 | 44 | +25.7% |
4 Bedrooms | 35 | 38 | +8.6% |
5+ Bedrooms | 23 | 26 | +13.0% |
Summary: The Newtown Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 18.8%, 3 bedroom homes increased by 25.7%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 13%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 17 | -48.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Newtown Township in April 2024, down by 48.5% month-over-month. Of the 17 sold homes, 12% were sold under asking, 47% were sold at asking, and 41% 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 |
---|---|---|
18 Days | 6 Days | -62.3% |
Summary: Homes in Newtown Township had an average of 6 days on market in Apr 2024, down by 62.3% compared to last year.
Breakdown of Home Sale Times
16 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, 17 homes were sold in Newtown Township; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.