Is New Providence, 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, New Providence was a Buyer's Market.
Key Takeaway
New Providence is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Providence, PA
How much do homes in New Providence, PA cost?
Median Sold Price
$384,809
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in New Providence have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in New Providence was $384,809 in April 2024, up 3.2% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $269K | $290.5K | +8.0% |
| 3 Bedrooms | $271.5K | $350K | +28.9% |
| 4 Bedrooms | $402.8K | $388.5K | -3.6% |
| 5+ Bedrooms | $485K | $335K | -30.9% |
Summary: New Providence 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 8%, 3 bedroom homes increased by 28.9%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 30.9%.
Median Sold Price Compared To Nearby Cities
| Quarryville | $295.5K | $365K | +23.5% |
| Strasburg Township | $365K | $416.7K | +14.2% |
| Providence Township | $350K | $392.9K | +12.3% |
| New Providence | $372.7K | $384.8K | +3.2% |
Housing Supply in New Providence, PA
How many homes are available in New Providence, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Summary: The New Providence real estate market had 9 homes for sale in April 2024, a 125.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The New Providence 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 increased by 100%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Providence, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in New Providence in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for New Providence, PA
How long does it take to sell a home in New Providence, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 84 Days | 2 Days | -97.0% |
Summary: Homes in New Providence had an average of 2 days on market in Apr 2024, down by 97% 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
Key Takeaway
Many homes in New Providence are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in New Providence; 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.
