$2,849 Closing Credit*
$239,900
4 Beds
•2 Full Baths
Matthew Stanisic, Listing Office: Compass Pennsylvania, Llc
Is New Kensington, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, New Kensington has remained a Seller's Market.
Key Takeaway
New Kensington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Kensington, PA
How much do homes in New Kensington, PA cost?
Median Sold Price
$179,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,758(+9.0%)
Key Takeaway
Homes in New Kensington have sold for 9% more than they did a year ago.
Summary: The median home sold price in New Kensington was $179,000 in November 2024, up 9% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $79.9K | $77.5K | -2.9% |
| 2 Bedrooms | $129.5K | $146K | +12.7% |
| 3 Bedrooms | $175K | $186K | +6.3% |
| 4 Bedrooms | $209.5K | $211K | +0.7% |
| 5+ Bedrooms | $265K | $187K | -29.4% |
Summary: New Kensington housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes decreased by 29.4%.
Median Sold Price Compared To Nearby Cities
| New Kensington | $164.2K | $179K | +9.0% |
| Lower Burrell | $190K | $195K | +2.6% |
| Arnold | $92.7K | $83K | -10.5% |
Housing Supply in New Kensington, PA
How many homes are available in New Kensington, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 152 | 161 | +5.9% |
Summary: The New Kensington real estate market had 161 homes for sale in November 2024, a 5.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 33 | 35 | +6.1% |
| 3 Bedrooms | 84 | 84 | 0.0% |
| 4 Bedrooms | 31 | 37 | +19.4% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The New Kensington 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 increased by 6.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 31 | +10.7% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Kensington, you may be able to get a good deal. 67.7% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in New Kensington in November 2024, up by 10.7% month-over-month. Of the 31 sold homes, 68% were sold under asking, 23% were sold at asking, and 10% were sold over asking.
Days on Market for New Kensington, PA
How long does it take to sell a home in New Kensington, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 59 Days | 57 Days | -3.1% |
Summary: Homes in New Kensington had an average of 57 days on market in Nov 2024, down by 3.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Kensington are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 31 homes were sold in New Kensington; 42% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.