$10,000 Closing Credit*
$1,349,000
4,136 SqFt
2 Beds
•2 Full Baths, 1 Partial
James Spaziano, Listing Office: Jay Spaziano Real Estate
Is Newtown, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$640,000
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$74,500(-10.4%)
Key Takeaway
Homes in Newtown have sold for 10.4% less than they did a year ago.
Summary: The median home sold price in Newtown was $640,000 in November 2024, down 10.4% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $253.5K | $295K | +16.4% |
| 2 Bedrooms | $350K | $390.5K | +11.6% |
| 3 Bedrooms | $550K | $579.7K | +5.4% |
| 4 Bedrooms | $835K | $885K | +6.0% |
| 5+ Bedrooms | $1.3M | $1.3M | +4.2% |
Summary: Newtown housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.4%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
| Newtown Township | $674K | $640K | -5.0% |
| Newtown | $714.5K | $640K | -10.4% |
Housing Supply in Newtown, PA
How many homes are available in Newtown, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 88 | 75 | -14.8% |
Summary: The Newtown real estate market had 75 homes for sale in November 2024, a 14.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 0 | -100.0% |
| 2 Bedrooms | 19 | 18 | -5.3% |
| 3 Bedrooms | 25 | 19 | -24.0% |
| 4 Bedrooms | 27 | 25 | -7.4% |
| 5+ Bedrooms | 14 | 13 | -7.1% |
Summary: The Newtown housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes decreased by 24%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 27 | +3.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newtown, you could pay more than the asking price. 40.7% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in Newtown in November 2024, up by 3.8% month-over-month. Of the 27 sold homes, 37% were sold under asking, 22% were sold at asking, and 41% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 20 Days | -36.5% |
Summary: Homes in Newtown had an average of 20 days on market in Nov 2024, down by 36.5% compared to last year.
Breakdown of Home Sale Times
21 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 November 2024, 27 homes were sold in Newtown; 78% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
