$8,609 Closing Credit*
$725,000
2,400 SqFt
4 Beds
•2 Full Baths, 1 Partial
Sherry Nunez, Listing Office: Keller Williams Real Estate-Langhorne
Is Newtown Township, 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 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
$641,000
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$49,250(-7.1%)
Key Takeaway
Homes in Newtown Township have sold for 7.1% less than they did a year ago.
Summary: The median home sold price in Newtown Township was $641,000 in October 2024, down 7.1% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $242K | $290K | +19.8% |
| 2 Bedrooms | $340K | $381.5K | +12.2% |
| 3 Bedrooms | $574K | $575K | 0.2% |
| 4 Bedrooms | $832.5K | $840K | +0.9% |
| 5+ Bedrooms | $1.3M | $1.3M | -1.7% |
Summary: Newtown Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.8%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 1.7%.
Median Sold Price Compared To Nearby Cities
| Newtown Square | $702.6K | $775K | +10.3% |
| Marple Township | $510K | $550K | +7.8% |
| Broomall | $500K | $525K | +5.0% |
| Newtown Township | $690.2K | $641K | -7.1% |
Housing Supply in Newtown Township, PA
How many homes are available in Newtown Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 144 | 134 | -6.9% |
Summary: The Newtown Township real estate market had 134 homes for sale in October 2024, a 6.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 27 | 25 | -7.4% |
| 3 Bedrooms | 41 | 40 | -2.4% |
| 4 Bedrooms | 42 | 40 | -4.8% |
| 5+ Bedrooms | 29 | 23 | -20.7% |
Summary: The Newtown Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 20.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 34 | +3.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newtown Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 34 homes were sold or pending in Newtown Township in October 2024, up by 3.0% month-over-month. Of the 34 sold homes, 26% were sold under asking, 24% were sold at asking, and 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 18 Days | -1.1% |
Summary: Homes in Newtown Township had an average of 18 days on market in Oct 2024, down by 1.1% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newtown Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 34 homes were sold in Newtown Township; 76% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
