CENTURY21 Advantage Gold Market Report
New Hope, PA
Single-Family Homes
CENTURY 21 Advantage Gold | customercare@c21ag.com | 215-671-4701
New Hope, PA
Thu May 02 2024
This week the median list price for New Hope, PA is $1,435,000 with the market action index hovering around 43. This is less than last month's market action index of 46. Inventory has increased to 40.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $1,435,000 | |
| Median Price of New Listings | $774,450 | |
| Per Square Foot | $334 | |
| Average Days on Market | 193 | |
| Median Days on Market | 56 | |
| Price Decreased | 25% | |
| Price Increased | 0% | |
| Relisted | 3% | |
| Inventory | 40 | |
| Median Rent | ||
| Market Action | 43 | |
| Slight Seller's Advantage | ||
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
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 |
|---|---|---|---|---|---|---|---|---|
| $4,725,000 | 6,497 | 10 - 20 acres | 5 | 6.3 | 38 | 0 | 0 | 150 |
| $2,047,500 | 4,938 | 1 - 2.5 acres | 4 | 5 | 79 | 2 | 1 | 42 |
| $943,350 | 2,611 | 0.5 - 1 acre | 4 | 3.3 | 30 | 4 | 2 | 28 |
| $289,750 | 1,344 | 0.25 - 0.5 acre | 2 | 2 | 31 | 2 | 0 | 52 |