Is New Castle Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Castle Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, New Castle Township has remained a Seller's Market.

Key Takeaway

New Castle Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in New Castle Township, PA

How much do homes in New Castle Township, PA cost?

Median Sold Price

$139,633

$93/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$14,633(+11.7%)

Key Takeaway

Homes in New Castle Township have sold for 11.7% more than they did a year ago.

Summary: The median home sold price in New Castle Township was $139,633 in November 2024, up 11.7% from last year, and the median price per square foot was $93.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $25.9K$64.4K
+148.5%
2 $100K$90K
-10.0%
3 $130K$144.8K
+11.4%
4 $159.9K$180K
+12.6%
5+ $304.9K$146.9K
-51.8%

Summary: New Castle Township 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 11.4%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes decreased by 51.8%.

Median Sold Price Compared To Nearby Cities

Frackville
+44.0%
New Castle Township
+11.7%
Norwegian Township
-10.1%

Housing Supply in New Castle Township, PA

How many homes are available in New Castle Township, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
276266-3.6%

Summary: The New Castle Township real estate market had 266 homes for sale in November 2024, a 3.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 6057
-5.0%
3 156150
-3.8%
4 5250
-3.8%
5+ 56
+20.0%

Summary: The New Castle Township 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 5%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4445+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Castle Township, 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 Township 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 Township, PA

How long does it take to sell a home in New Castle Township, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
54 Days44 Days-17.5%

Summary: Homes in New Castle Township had an average of 44 days on market in Nov 2024, down by 17.5% 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in New Castle Township has remained consistent over time.

Summary: During November 2024, 45 homes were sold in New Castle Township; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in New Castle Township, PA

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