$10,000 Closing Credit*
$950,000
3,353 SqFt
4 Beds
•2 Full Baths, 1 Partial
Michael A Ballato, Listing Office: VRA Realty
Is New Britain, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, New Britain was a Buyer's Market.
Key Takeaway
New Britain is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Britain, PA
How much do homes in New Britain, PA cost?
Median Sold Price
$505,000
$257/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$30,000(+6.3%)
Key Takeaway
Homes in New Britain have sold for 6.3% more than they did a month ago.
Summary: The median home sold price in New Britain was $505,000 in November 2024, up 6.3% from last month, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $625K | N/A |
| 4 Bedrooms | $475K | $475K | 0.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: New Britain housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in New Britain, PA
How many homes are available in New Britain, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Summary: The New Britain real estate market had 7 homes for sale in November 2024, a 12.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The New Britain housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Britain, 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 New Britain in November 2024, up by 400.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for New Britain, PA
How long does it take to sell a home in New Britain, PA?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 116 Days | 5 Days | -95.3% |
Summary: Homes in New Britain had an average of 5 days on market in Nov 2024, down by 95.3% compared to last month.
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 New Britain are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in New Britain; 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.
