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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Ringgold is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, New Ringgold has remained a Seller's Market.

Key Takeaway

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

Housing Prices in New Ringgold, PA

How much do homes in New Ringgold, PA cost?

Median Sold Price

$320,000

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,000(+3.2%)

Key Takeaway

Homes in New Ringgold have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in New Ringgold was $320,000 in October 2024, up 3.2% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $165.9K$219K
+32.0%
3 $322.5K$310K
-3.9%
4 $335K$340K
+1.5%
5+ $290K-
N/A

Summary: New Ringgold 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 increased by 32%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes did not change.

Housing Supply in New Ringgold, PA

How many homes are available in New Ringgold, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1917-10.5%

Summary: The New Ringgold real estate market had 17 homes for sale in October 2024, a 10.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 105
-50.0%
4 811
+37.5%
5+ 01
+100.0%

Summary: The New Ringgold 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 decreased by 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Ringgold, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in New Ringgold in October 2024, down by 20.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.

Days on Market for New Ringgold, PA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
112 Days5 Days-95.1%

Summary: Homes in New Ringgold had an average of 5 days on market in Oct 2024, down by 95.1% compared to last year.

Breakdown of Home Sale Times

4 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 Ringgold are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in New Ringgold; 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 17 Days Ago

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