$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 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
$647,775
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$47,287(-6.8%)
Key Takeaway
Homes in Newtown Township have sold for 6.8% less than they did a year ago.
Summary: The median home sold price in Newtown Township was $647,775 in November 2024, down 6.8% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $253.5K | $290K | +14.4% |
| 2 Bedrooms | $349.9K | $385.7K | +10.2% |
| 3 Bedrooms | $565K | $580K | +2.7% |
| 4 Bedrooms | $820K | $856K | +4.4% |
| 5+ Bedrooms | $1.4M | $1.3M | -3.6% |
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 14.4%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 3.6%.
Median Sold Price Compared To Nearby Cities
| Newtown Square | $705K | $798.6K | +13.3% |
| Marple Township | $510K | $550K | +7.8% |
| Broomall | $500K | $531.7K | +6.4% |
| Edgmont Township | $926.9K | $949.9K | +2.5% |
| Newtown Township | $695K | $647.7K | -6.8% |
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 |
|---|---|---|
| 132 | 124 | -6.1% |
Summary: The Newtown Township real estate market had 124 homes for sale in November 2024, a 6.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 2 | -60.0% |
| 2 Bedrooms | 23 | 25 | +8.7% |
| 3 Bedrooms | 43 | 35 | -18.6% |
| 4 Bedrooms | 38 | 38 | 0.0% |
| 5+ Bedrooms | 23 | 24 | +4.3% |
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 60%, 2 bedroom homes increased by 8.7%, 3 bedroom homes decreased by 18.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 4.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 40 | +14.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newtown Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in Newtown Township in November 2024, up by 14.3% month-over-month. Of the 40 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% 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 |
|---|---|---|
| 28 Days | 24 Days | -15.2% |
Summary: Homes in Newtown Township had an average of 24 days on market in Nov 2024, down by 15.2% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
8 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 November 2024, 40 homes were sold in Newtown Township; 75% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
