$974 Closing Credit*
$82,000
1,280 SqFt
3 Beds
•2 Full Baths
Ginger Volpone, Listing Office: Berkshire Hathaway HomeServices Homesale Realty
Is New Providence, 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 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
$398,347
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,519(+3.0%)
Key Takeaway
Homes in New Providence have sold for 3% more than they did a year ago.
Summary: The median home sold price in New Providence was $398,347 in October 2024, up 3% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $292K | N/A |
| 2 Bedrooms | $340K | $290K | -14.7% |
| 3 Bedrooms | $440K | $415.1K | -5.6% |
| 4 Bedrooms | $386.9K | $398.3K | +3.0% |
| 5+ Bedrooms | $635K | $317.5K | -50.0% |
Summary: New Providence 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 decreased by 14.7%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 50%.
Median Sold Price Compared To Nearby Cities
| Providence Township | $386.9K | $400K | +3.4% |
| New Providence | $386.8K | $398.3K | +3.0% |
| Quarryville | $335.7K | $344.2K | +2.5% |
| Willow Street | $325K | $326K | 0.3% |
| Strasburg Township | $420K | $387.5K | -7.7% |
Housing Supply in New Providence, PA
How many homes are available in New Providence, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 16 | +23.1% |
Summary: The New Providence real estate market had 16 homes for sale in October 2024, a 23.1% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 9 | +50.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The New Providence 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 increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were 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. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in New Providence in October 2024, up by 100.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% 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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 3 Days | 40 Days | +1261.1% |
Summary: Homes in New Providence had an average of 40 days on market in Oct 2024, up by 1261.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in New Providence are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in New Providence; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
