$4,869 Closing Credit*
$410,000
3,815 SqFt
5 Beds
•3 Full Baths
Valerie Flora, Listing Office: Berkshire Hathaway The Preferred Realty
Is New Castle, 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 Castle was a Seller's Market.
Key Takeaway
New Castle is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in New Castle, PA
How much do homes in New Castle, PA cost?
Median Sold Price
$135,000
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,189(+4.8%)
Key Takeaway
Homes in New Castle have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in New Castle was $135,000 in October 2024, up 4.8% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $25.9K | $64.4K | +148.5% |
| 2 Bedrooms | $101K | $87K | -13.9% |
| 3 Bedrooms | $134.8K | $141.7K | +5.1% |
| 4 Bedrooms | $169.9K | $185K | +8.9% |
| 5+ Bedrooms | $329.9K | $180K | -45.4% |
Summary: New Castle housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 148.5%, 2 bedroom homes decreased by 13.9%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes decreased by 45.4%.
Median Sold Price Compared To Nearby Cities
| Neshannock Township | $204.7K | $233.5K | +14.0% |
| Union Township | $137.2K | $150K | +9.3% |
| New Castle | $128.8K | $135K | +4.8% |
| Shenango Township | $183K | $176K | -3.8% |
Housing Supply in New Castle, PA
How many homes are available in New Castle, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 290 | 295 | +1.7% |
Summary: The New Castle real estate market had 295 homes for sale in October 2024, a 1.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 61 | 64 | +4.9% |
| 3 Bedrooms | 166 | 166 | 0.0% |
| 4 Bedrooms | 53 | 55 | +3.8% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The New Castle housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 4.9%, 3 bedroom homes remained the same, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 40 | -9.1% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Castle, you may be able to get a good deal. 55% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in New Castle in October 2024, down by 9.1% month-over-month. Of the 40 sold homes, 55% were sold under asking, 10% were sold at asking, and 35% were sold over asking.
Days on Market for New Castle, PA
How long does it take to sell a home in New Castle, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 61 Days | 51 Days | -16.2% |
Summary: Homes in New Castle had an average of 51 days on market in Oct 2024, down by 16.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in New Castle has remained consistent over time.
Summary: During October 2024, 40 homes were sold in New Castle; 33% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
