Is Newtown Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Newtown Township was a Seller's Market.
Key Takeaway
Newtown Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Newtown Township, PA
How much do homes in Newtown Township, PA cost?
Median Sold Price
$658,333
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Newtown Township have sold for 17.6% more than they did a year ago.
Summary: The median home sold price in Newtown Township was $658,333 in May 2024, up 17.6% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $287.4K | +12.7% |
| 2 Bedrooms | $332K | $375K | +13.0% |
| 3 Bedrooms | $510K | $563.5K | +10.5% |
| 4 Bedrooms | $810K | $835K | +3.1% |
| 5+ Bedrooms | $1.4M | $1.1M | -17.4% |
Summary: Newtown Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.7%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 17.4%.
Median Sold Price Compared To Nearby Cities
| Northampton Township | $401K | $475K | +18.4% |
| Newtown Township | $560K | $658.3K | +17.6% |
| Southampton | $445K | $501.3K | +12.7% |
| Newtown | $657.5K | $657.5K | 0.0% |
| Wrightstown Township | $1.0M | $765K | -28.6% |
Housing Supply in Newtown Township, PA
How many homes are available in Newtown Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 79 | 101 | +27.8% |
Summary: The Newtown Township real estate market had 101 homes for sale in May 2024, a 27.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 10 | 19 | +90.0% |
| 3 Bedrooms | 30 | 33 | +10.0% |
| 4 Bedrooms | 19 | 28 | +47.4% |
| 5+ Bedrooms | 18 | 21 | +16.7% |
Summary: The Newtown Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 90%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 47.4%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 16 | +77.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newtown Township, you could pay more than the asking price. 56.3% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Newtown Township in May 2024, up by 77.8% month-over-month. Of the 16 sold homes, 38% were sold under asking, 6% were sold at asking, and 56% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 67 Days | 47 Days | -29.9% |
Summary: Homes in Newtown Township had an average of 47 days on market in May 2024, down by 29.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 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 May 2024, 16 homes were sold in Newtown Township; 69% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
