Is West Newton, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, West Newton has remained a Seller's Market.
Key Takeaway
West Newton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Newton, PA
How much do homes in West Newton, PA cost?
Median Sold Price
$170,000
$100/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in West Newton have sold for 17.2% more than they did a year ago.
Summary: The median home sold price in West Newton was $170,000 in April 2024, up 17.2% from last year, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $205K | N/A |
| 2 Bedrooms | $123.7K | $112K | -9.5% |
| 3 Bedrooms | $118K | $184.9K | +56.7% |
| 4 Bedrooms | $228.4K | $429.9K | +88.2% |
| 5+ Bedrooms | $285K | $50K | -82.5% |
Summary: West Newton 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 decreased by 9.5%, 3 bedroom homes increased by 56.7%, 4 bedroom homes increased by 88.2%, and 5+ bedroom homes decreased by 82.5%.
Median Sold Price Compared To Nearby Cities
| West Newton | $145K | $170K | +17.2% |
| Rostraver Township | $240K | $245K | +2.1% |
| Belle Vernon | $210K | $188K | -10.5% |
Housing Supply in West Newton, PA
How many homes are available in West Newton, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 24 | -4.0% |
Summary: The West Newton real estate market had 24 homes for sale in April 2024, a 4.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 16 | 17 | +6.3% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The West Newton 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 remained the same, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 5 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Newton, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in West Newton in April 2024, down by 50.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for West Newton, PA
How long does it take to sell a home in West Newton, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 55 Days | 23 Days | -58.2% |
Summary: Homes in West Newton had an average of 23 days on market in Apr 2024, down by 58.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Newton are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in West Newton; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
