CENTURY21 Advantage Gold Market Report

New Hope, PA

Single-Family Homes

CENTURY 21 Advantage Gold | customercare@c21ag.com | 215-671-4701


New Hope, PA

Fri Nov 22 2024
This week the median list price for New Hope, PA is $1,400,000 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has decreased to 42. Click here to stay informed with the New Hope market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

New Hope, PA

Fri Nov 22 2024
This week the median list price for New Hope, PA is $1,400,000 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has decreased to 42. Click here to stay informed with the New Hope market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the New Hope market.
Median List Price $1,400,000
Median Price of New Listings $685,000
Per Square Foot $372
Average Days on Market 211
Median Days on Market 119
Price Decreased 45%
Price Increased 0%
Relisted 10%
Inventory 42
Median Rent
Market Action 36
Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$5,435,000 6,580 10 - 20 acres 5 6.3 58 0 0 164
$1,824,500 4,682 5 - 10 acres 5 3.5 96 0 1 112
$949,000 2,536 1 - 2.5 acres 4 2.5 43 1 2 133
$649,000 2,018 0.25 - 0.5 acre 3 2 63 4 0 70