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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New London Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, New London Township was a Neutral Market.

Key Takeaway

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

Housing Prices in New London Township, PA

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

Median Sold Price

$713,500

$176/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$221,000(+44.9%)

Key Takeaway

Homes in New London Township have sold for 44.9% more than they did a month ago.

Summary: The median home sold price in New London Township was $713,500 in December 2024, up 44.9% from last month, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $405K-
N/A
4 $580K$713.5K
+23.0%
5+ --
N/A

Summary: New London Township housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 23%, and 5+ bedroom homes did not change.

Housing Supply in New London Township, PA

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

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1210-16.7%

Summary: The New London Township real estate market had 10 homes for sale in December 2024, a 16.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 43
-25.0%
4 54
-20.0%
5+ 33
0.0%

Summary: The New London Township housing inventory by bedroom type for December 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 25%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New London Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in New London Township in December 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for New London Township, PA

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

Average Sale Time

Nov 2024Dec 2024CHANGE
12 Days5 Days-60.0%

Summary: Homes in New London Township had an average of 5 days on market in Dec 2024, down by 60% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in New London Township are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 2 homes were sold in New London Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 7 Days Ago

Newest Listings in New London Township, PA

Nearby Markets to New London Township, PA

What housing markets are near New London Township, PA?