$593 Closing Credit*
$49,900
1,674 SqFt
4 Beds
•1 Full Bath
Corey Burns, Listing Office: Coldwell Banker 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 November 2023
At the same time last year, New Castle was a Seller's Market.
Key Takeaway
New Castle 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 Castle, PA
How much do homes in New Castle, PA cost?
Median Sold Price
$139,666
$93/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,666(+11.7%)
Key Takeaway
Homes in New Castle have sold for 11.7% more than they did a year ago.
Summary: The median home sold price in New Castle was $139,666 in November 2024, up 11.7% from last year, and the median price per square foot was $93.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $25.9K | $64.4K | +148.5% |
| 2 Bedrooms | $100K | $90K | -10.0% |
| 3 Bedrooms | $131.5K | $145K | +10.3% |
| 4 Bedrooms | $169.9K | $180K | +5.9% |
| 5+ Bedrooms | $304.9K | $146.9K | -51.8% |
Summary: New Castle housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 148.5%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 51.8%.
Median Sold Price Compared To Nearby Cities
| Union Township | $128.7K | $153K | +18.8% |
| New Castle | $125K | $139.6K | +11.7% |
| Neshannock Township | $212.5K | $229.9K | +8.2% |
| Shenango Township | $185K | $176K | -4.9% |
Housing Supply in New Castle, PA
How many homes are available in New Castle, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 286 | 276 | -3.5% |
Summary: The New Castle real estate market had 276 homes for sale in November 2024, a 3.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 64 | 60 | -6.3% |
| 3 Bedrooms | 160 | 155 | -3.1% |
| 4 Bedrooms | 53 | 51 | -3.8% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The New Castle 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 decreased by 6.3%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 44 | 45 | +2.3% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 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. 73.3% of homes here sold below asking price last month.
Summary: A total of 45 homes were sold or pending in New Castle in November 2024, up by 2.3% month-over-month. Of the 45 sold homes, 73% were sold under asking, 18% were sold at asking, and 9% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 54 Days | 44 Days | -17.2% |
Summary: Homes in New Castle had an average of 44 days on market in Nov 2024, down by 17.2% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in New Castle has remained consistent over time.
Summary: During November 2024, 45 homes were sold in New Castle; 42% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
