$5,225 Closing Credit*
$440,000
2,240 SqFt
3 Beds
•2 Full Baths
Jeffrey D Dieffenbach, Listing Office: RE/MAX Evolved
Is New Providence, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, New Providence has remained a Seller's Market.
Key Takeaway
New Providence is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Providence, PA
How much do homes in New Providence, PA cost?
Median Sold Price
$415,000
$184/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$34,500(+9.1%)
Key Takeaway
Homes in New Providence have sold for 9.1% more than they did a month ago.
Summary: The median home sold price in New Providence was $415,000 in November 2024, up 9.1% from last month, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $65K | - | N/A |
| 3 Bedrooms | $412.5K | $416.1K | +0.9% |
| 4 Bedrooms | $361K | $402.5K | +11.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: New Providence housing prices by bedroom type for November 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 increased by 0.9%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| New Providence | $380.5K | $415K | +9.1% |
| Providence Township | $380.5K | $415K | +9.1% |
Housing Supply in New Providence, PA
How many homes are available in New Providence, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 11 | -35.3% |
Summary: The New Providence real estate market had 11 homes for sale in November 2024, a 35.3% decrease 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 6 | 3 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The New Providence 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 decreased by 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in New Providence, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in New Providence in November 2024, up by 16.7% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for New Providence, PA
How long does it take to sell a home in New Providence, PA?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 22 Days | -44.4% |
Summary: Homes in New Providence had an average of 22 days on market in Nov 2024, down by 44.4% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Providence are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in New Providence; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.