$6,531 Closing Credit*
$550,000
1,200 SqFt
3 Beds
•1 Full Bath, 1 Partial
Kenneth Charles Prause, Listing Office: Opus Elite Real Estate
Is Newtown Township, 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 Township has remained a Seller's Market.
Key Takeaway
Newtown Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newtown Township, PA
How much do homes in Newtown Township, PA cost?
Median Sold Price
$640,000
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$34,000(-5.0%)
Key Takeaway
Homes in Newtown Township have sold for 5% less than they did a year ago.
Summary: The median home sold price in Newtown Township was $640,000 in November 2024, down 5% 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 | $242K | $295K | +21.9% |
| 2 Bedrooms | $340K | $390.5K | +14.9% |
| 3 Bedrooms | $547K | $579.7K | +6.0% |
| 4 Bedrooms | $835K | $885K | +6.0% |
| 5+ Bedrooms | $1.2M | $1.3M | +8.8% |
Summary: Newtown Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.9%, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 8.8%.
Median Sold Price Compared To Nearby Cities
| Southampton | $456.3K | $517.2K | +13.4% |
| Northampton Township | $435.7K | $465K | +6.7% |
| Newtown Township | $674K | $640K | -5.0% |
| Newtown | $714.5K | $640K | -10.4% |
Housing Supply in Newtown Township, PA
How many homes are available in Newtown Township, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 88 | 75 | -14.8% |
Summary: The Newtown Township 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 Township 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 Township, 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 Township 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 Township, PA
How long does it take to sell a home in Newtown Township, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 20 Days | -36.5% |
Summary: Homes in Newtown Township 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 27 homes were sold in Newtown Township; 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.
