$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 October 2023
At the same time last year, New Britain was a Seller's Market.
Key Takeaway
New Britain 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 New Britain, PA
How much do homes in New Britain, PA cost?
Median Sold Price
$441,000
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$51,500(-10.5%)
Key Takeaway
Homes in New Britain have sold for 10.5% less than they did a year ago.
Summary: The median home sold price in New Britain was $441,000 in October 2024, down 10.5% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $300K | $332.3K | +10.8% |
| 3 Bedrooms | $495K | $443K | -10.5% |
| 4 Bedrooms | $545K | $600K | +10.1% |
| 5+ Bedrooms | $485K | $550K | +13.4% |
Summary: New Britain housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.8%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 13.4%.
Median Sold Price Compared To Nearby Cities
| Doylestown Township | $626.2K | $650K | +3.8% |
| New Britain Township | $530K | $510K | -3.8% |
| New Britain | $492.5K | $441K | -10.5% |
Housing Supply in New Britain, PA
How many homes are available in New Britain, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Summary: The New Britain real estate market had 7 homes for sale in October 2024, a 16.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The New Britain housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Britain, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in New Britain in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 6 Days | 116 Days | +1833.3% |
Summary: Homes in New Britain had an average of 116 days on market in Oct 2024, up by 1833.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in New Britain are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 1 homes were sold in New Britain; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
