$1,186 Closing Credit*
$99,900
896 SqFt
3 Beds
•1 Full Bath
Terry Lippencott, Listing Office: Swc Realty
Is New Salem, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, New Salem was a Buyer's Market.
Key Takeaway
New Salem is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Salem, PA
How much do homes in New Salem, PA cost?
Median Sold Price
$209,425
$17/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$66,425(+46.5%)
Key Takeaway
Homes in New Salem have sold for 46.5% more than they did a month ago.
Summary: The median home sold price in New Salem was $209,425 in October 2024, up 46.5% from last month, and the median price per square foot was $17.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $143K | - | N/A |
| 3 Bedrooms | - | $209.4K | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: New Salem housing prices by bedroom type for October 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 did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Redstone Township | $115K | $392.6K | +241.4% |
| New Salem | $143K | $209.4K | +46.5% |
Housing Supply in New Salem, PA
How many homes are available in New Salem, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Summary: The New Salem real estate market had 11 homes for sale in October 2024, a 8.3% decrease 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The New Salem 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 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in New Salem, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in New Salem in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for New Salem, PA
How long does it take to sell a home in New Salem, PA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 119 Days | 77 Days | -35.3% |
Summary: Homes in New Salem had an average of 77 days on market in Oct 2024, down by 35.3% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in New Salem has remained consistent over time.
Summary: During October 2024, 2 homes were sold in New Salem; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
