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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Newport Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Newport Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Newport Township, PA

How much do homes in Newport Township, PA cost?

Median Sold Price

$335,000

$161/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$95,000(+39.6%)

Key Takeaway

Homes in Newport Township have sold for 39.6% more than they did a month ago.

Summary: The median home sold price in Newport Township was $335,000 in October 2024, up 39.6% from last month, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$124K
N/A
3 $175K$258K
+47.4%
4 $205K$592.5K
+189.0%
5+ $575K-
N/A

Summary: Newport Township 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 increased by 47.4%, 4 bedroom homes increased by 189%, and 5+ bedroom homes did not change.

Housing Supply in Newport Township, PA

How many homes are available in Newport Township, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1916-15.8%

Summary: The Newport Township real estate market had 16 homes for sale in October 2024, a 15.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 24
+100.0%
3 76
-14.3%
4 85
-37.5%
5+ 21
-50.0%

Summary: The Newport Township 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 increased by 100%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Newport Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Newport Township in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for Newport Township, PA

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

Average Sale Time

Sep 2024Oct 2024CHANGE
65 Days14 Days-78.0%

Summary: Homes in Newport Township had an average of 14 days on market in Oct 2024, down by 78% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 5 homes were sold in Newport Township; 80% of homes were sold within 30 days, 20% 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

Newest Listings in Newport Township, PA

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