Is New Cumberland, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, New Cumberland has remained a Seller's Market.
Key Takeaway
New Cumberland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Cumberland, PA
How much do homes in New Cumberland, PA cost?
Median Sold Price
$265,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in New Cumberland have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in New Cumberland was $265,000 in May 2024, up 6.4% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | - | N/A |
| 2 Bedrooms | $185K | $221K | +19.5% |
| 3 Bedrooms | $245K | $265K | +8.2% |
| 4 Bedrooms | $330K | $340K | +3.0% |
| 5+ Bedrooms | $439.9K | $340K | -22.7% |
Summary: New Cumberland 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 19.5%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 22.7%.
Median Sold Price Compared To Nearby Cities
| Lemoyne | $210K | $245K | +16.7% |
| New Cumberland | $249K | $265K | +6.4% |
| New Cumberland | $249.9K | $265K | +6.0% |
| Lower Allen Township | $255K | $268K | +5.1% |
| Swatara Township | $234.5K | $235K | 0.2% |
Housing Supply in New Cumberland, PA
How many homes are available in New Cumberland, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 48 | 49 | +2.1% |
Summary: The New Cumberland real estate market had 49 homes for sale in May 2024, a 2.1% 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 | 7 | 7 | 0.0% |
| 3 Bedrooms | 26 | 27 | +3.8% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The New Cumberland 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 3.8%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 19 | +137.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Cumberland, you could pay more than the asking price. 73.7% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in New Cumberland in May 2024, up by 137.5% month-over-month. Of the 19 sold homes, 16% were sold under asking, 11% were sold at asking, and 74% were sold over asking.
Days on Market for New Cumberland, PA
How long does it take to sell a home in New Cumberland, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 13 Days | 9 Days | -31.6% |
Summary: Homes in New Cumberland had an average of 9 days on market in May 2024, down by 31.6% compared to last year.
Breakdown of Home Sale Times
18 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 New Cumberland are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 19 homes were sold in New Cumberland; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
