$6,531 Closing Credit*
$550,000
2,078 SqFt
2 Beds
•2 Full Baths, 1 Partial
Kathryn Puzycki, Listing Office: Redfin Corporation
Is Newtown, 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, Newtown has remained a Seller's Market.
Key Takeaway
Newtown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newtown, PA
How much do homes in Newtown, PA cost?
Median Sold Price
$636,500
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$75,500(-10.6%)
Key Takeaway
Homes in Newtown have sold for 10.6% less than they did a year ago.
Summary: The median home sold price in Newtown was $636,500 in October 2024, down 10.6% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $253.5K | $295K | +16.4% |
| 2 Bedrooms | $345K | $390K | +13.0% |
| 3 Bedrooms | $559.9K | $575K | +2.7% |
| 4 Bedrooms | $850K | $865.5K | +1.8% |
| 5+ Bedrooms | $1.2M | $1.3M | +8.8% |
Summary: Newtown housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.4%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 8.8%.
Median Sold Price Compared To Nearby Cities
| Newtown Township | $666K | $636.5K | -4.4% |
| Newtown | $712K | $636.5K | -10.6% |
Housing Supply in Newtown, PA
How many homes are available in Newtown, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 93 | 88 | -5.4% |
Summary: The Newtown real estate market had 88 homes for sale in October 2024, a 5.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 22 | 21 | -4.5% |
| 3 Bedrooms | 25 | 23 | -8.0% |
| 4 Bedrooms | 26 | 27 | +3.8% |
| 5+ Bedrooms | 16 | 13 | -18.8% |
Summary: The Newtown 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 4.5%, 3 bedroom homes decreased by 8%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 18.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 25 | +25.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newtown, you could pay more than the asking price. 52% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in Newtown in October 2024, up by 25.0% month-over-month. Of the 25 sold homes, 24% were sold under asking, 24% were sold at asking, and 52% were sold over asking.
Days on Market for Newtown, PA
How long does it take to sell a home in Newtown, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 17 Days | +3.4% |
Summary: Homes in Newtown had an average of 17 days on market in Oct 2024, up by 3.4% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Newtown are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 25 homes were sold in Newtown; 76% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
