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 December 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

$145,000

$98/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$21,166(+17.1%)

Key Takeaway

Homes in New Castle Township have sold for 17.1% more than they did a year ago.

Summary: The median home sold price in New Castle Township was $145,000 in December 2024, up 17.1% from last year, and the median price per square foot was $98.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $25.9K$64K
+146.6%
2 $95K$109K
+14.7%
3 $130K$145.2K
+11.7%
4 $157.5K$211K
+34.0%
5+ $329.9K$146.9K
-55.5%

Summary: New Castle Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 146.6%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 34%, and 5+ bedroom homes decreased by 55.5%.

Median Sold Price Compared To Nearby Cities

Frackville
+53.0%
New Castle Township
+17.1%
Saint Clair
+14.6%

Housing Supply in New Castle Township, PA

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

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
269249-7.4%

Summary: The New Castle Township real estate market had 249 homes for sale in December 2024, a 7.4% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 32
-33.3%
2 5756
-1.8%
3 151145
-4.0%
4 5141
-19.6%
5+ 75
-28.6%

Summary: The New Castle Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 19.6%, and 5+ bedroom homes decreased by 28.6%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
4742-10.6%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

12 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. 61.9% of homes here sold below asking price last month.

Summary: A total of 42 homes were sold or pending in New Castle Township in December 2024, down by 10.6% month-over-month. Of the 42 sold homes, 62% were sold under asking, 10% were sold at asking, and 29% 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

Dec 2023Dec 2024CHANGE
47 Days47 Days-1.3%

Summary: Homes in New Castle Township had an average of 47 days on market in Dec 2024, down by 1.3% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

5 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 December 2024, 42 homes were sold in New Castle Township; 43% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 12% 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 4 Days Ago

Newest Listings in New Castle Township, PA

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