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.
Housing Prices in Newtown Township, PA
How much do homes in Newtown Township, PA cost?
Median Sold Price
$648,666
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Newtown Township was $648,666 in May 2024, down 0.1% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $255K | $277.4K | +8.8% |
2 Bedrooms | $337K | $353.7K | +5.0% |
3 Bedrooms | $535.5K | $565K | +5.5% |
4 Bedrooms | $775K | $802.5K | +3.5% |
5+ Bedrooms | $1.3M | $1.2M | -8.4% |
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 8.8%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 8.4%.
Median Sold Price Compared To Nearby Cities
Marple Township | $480.7K | $540K | +12.3% |
Broomall | $475K | $525K | +10.5% |
Newtown Square | $675K | $735.6K | +9.0% |
Edgmont Township | $849.9K | $900K | +5.9% |
Newtown Township | $649.1K | $648.6K | -0.1% |
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 |
---|---|---|
132 | 163 | +23.5% |
Summary: The Newtown Township real estate market had 163 homes for sale in May 2024, a 23.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 2 | -50.0% |
2 Bedrooms | 14 | 26 | +85.7% |
3 Bedrooms | 45 | 52 | +15.6% |
4 Bedrooms | 41 | 51 | +24.4% |
5+ Bedrooms | 28 | 32 | +14.3% |
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 50%, 2 bedroom homes increased by 85.7%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 24.4%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 27 | +50.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Newtown Township in May 2024, up by 50.0% month-over-month. Of the 27 sold homes, 44% were sold under asking, 4% were sold at asking, and 52% 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 |
---|---|---|
48 Days | 34 Days | -29.0% |
Summary: Homes in Newtown Township had an average of 34 days on market in May 2024, down by 29% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 27 homes were sold in Newtown Township; 74% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.