Is New Freedom, 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, New Freedom was a Seller's Market.
Key Takeaway
New Freedom is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in New Freedom, PA
How much do homes in New Freedom, PA cost?
Median Sold Price
$360,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in New Freedom have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in New Freedom was $360,000 in May 2024, up 2.6% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $695K | $247.5K | -64.4% |
| 3 Bedrooms | $325K | $336.7K | +3.6% |
| 4 Bedrooms | $337.2K | $415K | +23.1% |
| 5+ Bedrooms | $487K | $460K | -5.5% |
Summary: New Freedom housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 64.4%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes decreased by 5.5%.
Median Sold Price Compared To Nearby Cities
| Freeland | $467.5K | $530K | +13.4% |
| New Freedom | $351K | $360K | +2.6% |
| Shrewsbury Township | $334.5K | $332K | -0.7% |
Housing Supply in New Freedom, PA
How many homes are available in New Freedom, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 32 | +23.1% |
Summary: The New Freedom real estate market had 32 homes for sale in May 2024, a 23.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 10 | 14 | +40.0% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The New Freedom housing inventory by bedroom type for May 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 40%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 4 | -63.6% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Freedom, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in New Freedom in May 2024, down by 63.6% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for New Freedom, PA
How long does it take to sell a home in New Freedom, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 23 Days | 4 Days | -80.9% |
Summary: Homes in New Freedom had an average of 4 days on market in May 2024, down by 80.9% compared to last year.
Breakdown of Home Sale Times
4 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 Freedom are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in New Freedom; 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.
