$2,518 Closing Credit*
$212,000
1,032 SqFt
3 Beds
•1 Full Bath
Lee F. Wolff, Listing Office: FSBO Broker
Is New Garden Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, New Garden Township has remained a Seller's Market.
Key Takeaway
New Garden Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Garden Township, PA
How much do homes in New Garden Township, PA cost?
Median Sold Price
$590,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,500(+3.1%)
Key Takeaway
Homes in New Garden Township have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in New Garden Township was $590,000 in October 2024, up 3.1% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $375K | $462.5K | +23.3% |
| 3 Bedrooms | $490K | $510K | +4.1% |
| 4 Bedrooms | $630K | $620K | -1.6% |
| 5+ Bedrooms | $775K | $774.9K | 0% |
Summary: New Garden Township 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 23.3%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Landenberg | $585K | $630K | +7.7% |
| New Garden Township | $572.5K | $590K | +3.1% |
| Toughkenamon | $345K | $337.5K | -2.2% |
Housing Supply in New Garden Township, PA
How many homes are available in New Garden Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 27 | -15.6% |
Summary: The New Garden Township real estate market had 27 homes for sale in October 2024, a 15.6% decrease 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 | 1 | 0.0% |
| 3 Bedrooms | 14 | 10 | -28.6% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The New Garden Township 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 remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 13 | +85.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Garden Township, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in New Garden Township in October 2024, up by 85.7% month-over-month. Of the 13 sold homes, 54% were sold under asking, 8% were sold at asking, and 38% were sold over asking.
Days on Market for New Garden Township, PA
How long does it take to sell a home in New Garden Township, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 24 Days | +222.8% |
Summary: Homes in New Garden Township had an average of 24 days on market in Oct 2024, up by 222.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Garden Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in New Garden Township; 69% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
