CENTURY21 Advantage Gold Market Report
Newtown, PA
Single-Family Homes
CENTURY 21 Advantage Gold | customercare@c21ag.com | 215-671-4701
Newtown, PA
Fri Nov 22 2024
This week the median list price for Newtown, PA is $1,047,500 with the market action index hovering around 43. This is about the same as last month's market action index of 43. Inventory has decreased to 20.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
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 | $1,047,500 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $431 | |
| Average Days on Market | 126 | |
| Median Days on Market | 123 | |
| Price Decreased | 35% | |
| Price Increased | 5% | |
| Relisted | 0% | |
| Inventory | 20 | |
| Median Rent | ||
| Market Action | 43 | |
| Slight Seller's Advantage | ||
The value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently. These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.
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 |
|---|---|---|---|---|---|---|---|---|
| $3,600,000 | 6,294 | 5 - 10 acres | 5 | 4 | 115 | 0 | 0 | 210 |
| $1,475,000 | 3,325 | 2.5 - 5 acres | 4 | 3.5 | 38 | 0 | 0 | 154 |
| $799,999 | 2,945 | 0.25 - 0.5 acre | 4 | 2.5 | 38 | 0 | 0 | 126 |
| $599,000 | 1,761 | 0.5 - 1 acre | 4 | 2 | 49 | 0 | 1 | 28 |