Is Newtown Square, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Newtown Square was a Seller's Market.
Housing Prices in Newtown Square, PA
How much do homes in Newtown Square, PA cost?
Median Sold Price
$735,600
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Newtown Square was $735,600 in May 2024, up 9% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $128K | $272.7K | +113.1% |
2 Bedrooms | $310.2K | $344.9K | +11.2% |
3 Bedrooms | $615K | $575K | -6.5% |
4 Bedrooms | $715.5K | $850K | +18.8% |
5+ Bedrooms | $1.2M | $1.4M | +22.9% |
Summary: Newtown Square housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 113.1%, 2 bedroom homes increased by 11.2%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 22.9%.
Median Sold Price Compared To Nearby Cities
Willistown Township | $550K | $626K | +13.8% |
Marple Township | $480.7K | $540K | +12.3% |
Newtown Square | $675K | $735.6K | +9.0% |
Edgmont Township | $849.9K | $900K | +5.9% |
Newtown Township | $649.1K | $648.6K | -0.1% |
Housing Supply in Newtown Square, PA
How many homes are available in Newtown Square, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
104 | 123 | +18.3% |
Summary: The Newtown Square real estate market had 123 homes for sale in May 2024, a 18.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 5 | 9 | +80.0% |
3 Bedrooms | 35 | 42 | +20.0% |
4 Bedrooms | 37 | 37 | 0.0% |
5+ Bedrooms | 25 | 33 | +32.0% |
Summary: The Newtown Square housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 32%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 17 | -10.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Newtown Square in May 2024, down by 10.5% month-over-month. Of the 17 sold homes, 41% were sold under asking, 6% were sold at asking, and 53% were sold over asking.
Days on Market for Newtown Square, PA
How long does it take to sell a home in Newtown Square, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
16 Days | 10 Days | -37.4% |
Summary: Homes in Newtown Square had an average of 10 days on market in May 2024, down by 37.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in Newtown Square; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.