Is Newville, 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, Newville was a Buyer's Market.
Key Takeaway
Newville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newville, PA
How much do homes in Newville, PA cost?
Median Sold Price
$273,000
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Newville have sold for 27% more than they did a year ago.
Summary: The median home sold price in Newville was $273,000 in May 2024, up 27% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $176K | N/A |
| 2 Bedrooms | $175K | $242.5K | +38.6% |
| 3 Bedrooms | $234K | $281.5K | +20.3% |
| 4 Bedrooms | $279.9K | $268K | -4.3% |
| 5+ Bedrooms | $196K | $240K | +22.4% |
Summary: Newville 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 increased by 38.6%, 3 bedroom homes increased by 20.3%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 22.4%.
Median Sold Price Compared To Nearby Cities
| Newville | $215K | $273K | +27.0% |
| West Pennsboro Township | $272K | $310K | +14.0% |
Housing Supply in Newville, PA
How many homes are available in Newville, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 22 | +15.8% |
Summary: The Newville real estate market had 22 homes for sale in May 2024, a 15.8% 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Newville 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 10%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newville, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Newville in May 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Newville, PA
How long does it take to sell a home in Newville, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 32 Days | 17 Days | -45.0% |
Summary: Homes in Newville had an average of 17 days on market in May 2024, down by 45% compared to last year.
Breakdown of Home Sale Times
5 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 Newville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Newville; 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.
