Is Newtown, 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 was a Seller's Market.
Key Takeaway
Newtown 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, PA
How much do homes in Newtown, PA cost?
Median Sold Price
$657,500
$275/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since May 2023.
Key Takeaway
The sold price of homes in Newtown has remained the same since last year.
Summary: The median home sold price in Newtown was $657,500 in May 2024, the same as 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 | $265K | $287.4K | +8.5% |
| 2 Bedrooms | $340K | $375K | +10.3% |
| 3 Bedrooms | $535K | $563.5K | +5.3% |
| 4 Bedrooms | $851K | $835K | -1.9% |
| 5+ Bedrooms | $1.5M | $1.1M | -22.7% |
Summary: Newtown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.5%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 22.7%.
Median Sold Price Compared To Nearby Cities
| Newtown Township | $560K | $658.3K | +17.6% |
| Newtown | $657.5K | $657.5K | 0.0% |
Housing Supply in Newtown, PA
How many homes are available in Newtown, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 79 | 101 | +27.8% |
Summary: The Newtown 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 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, 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 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, PA
How long does it take to sell a home in Newtown, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 67 Days | 47 Days | -29.9% |
Summary: Homes in Newtown 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 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 16 homes were sold in Newtown; 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.
