Is New Garden Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, New Garden Township was a Buyer's Market.
Housing Prices in New Garden Township, PA
How much do homes in New Garden Township, PA cost?
Median Sold Price
$585,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New Garden Township was $585,000 in April 2024, up 7% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $385K | $450K | +16.9% |
3 Bedrooms | $460K | $507.5K | +10.3% |
4 Bedrooms | $610K | $651K | +6.7% |
5+ Bedrooms | $657.5K | $769.9K | +17.1% |
Summary: New Garden Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.9%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 17.1%.
Median Sold Price Compared To Nearby Cities
Avondale | $460K | $550K | +19.6% |
Landenberg | $539K | $612K | +13.5% |
New Garden Township | $546.5K | $585K | +7.0% |
Housing Supply in New Garden Township, PA
How many homes are available in New Garden Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 30 | +15.4% |
Summary: The New Garden Township real estate market had 30 homes for sale in April 2024, a 15.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 13 | 13 | 0.0% |
4 Bedrooms | 6 | 12 | +100.0% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The New Garden Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 7 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in New Garden Township in April 2024, the same as the previous month. Of the 7 sold homes, 0% were sold under asking, 29% were sold at asking, and 71% were sold over asking.
Days on Market for New Garden Township, PA
How long does it take to sell a home in New Garden Township, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
11 Days | 8 Days | -28.9% |
Summary: Homes in New Garden Township had an average of 8 days on market in Apr 2024, down by 28.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in New Garden Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.