$2,731 Closing Credit*
$230,000
1,258 SqFt
3 Beds
•2 Full Baths, 1 Partial
Tim Pettigrew, Listing Office: Exp Realty 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 October 2023
At the same time last year, New Kensington was a Seller's Market.
Key Takeaway
New Kensington 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 Kensington, PA
How much do homes in New Kensington, PA cost?
Median Sold Price
$170,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,000(+3.7%)
Key Takeaway
Homes in New Kensington have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in New Kensington was $170,000 in October 2024, up 3.7% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $109.9K | $75.7K | -31.1% |
| 2 Bedrooms | $129.5K | $144.5K | +11.6% |
| 3 Bedrooms | $171K | $185K | +8.2% |
| 4 Bedrooms | $214K | $190.9K | -10.8% |
| 5+ Bedrooms | $273.5K | $147K | -46.3% |
Summary: New Kensington housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.1%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes decreased by 46.3%.
Median Sold Price Compared To Nearby Cities
| New Kensington | $164K | $170K | +3.7% |
| Lower Burrell | $190K | $196K | +3.2% |
| Arnold | $93.9K | $80K | -14.9% |
Housing Supply in New Kensington, PA
How many homes are available in New Kensington, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 152 | 168 | +10.5% |
Summary: The New Kensington real estate market had 168 homes for sale in October 2024, a 10.5% increase 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 | 27 | 32 | +18.5% |
| 3 Bedrooms | 90 | 98 | +8.9% |
| 4 Bedrooms | 32 | 34 | +6.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The New Kensington 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 increased by 18.5%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 27 | +22.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
11 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. 44.4% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in New Kensington in October 2024, up by 22.7% month-over-month. Of the 27 sold homes, 44% were sold under asking, 15% were sold at asking, and 41% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 54 Days | 34 Days | -37.2% |
Summary: Homes in New Kensington had an average of 34 days on market in Oct 2024, down by 37.2% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 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 October 2024, 27 homes were sold in New Kensington; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
