Is New Hanover Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, New Hanover Township has remained a Seller's Market.
Housing Prices in New Hanover Township, PA
How much do homes in New Hanover Township, PA cost?
Median Sold Price
$440,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New Hanover Township was $440,000 in April 2024, down 2.7% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $59.9K | N/A |
2 Bedrooms | $330.5K | $306.3K | -7.3% |
3 Bedrooms | $369.9K | $375K | +1.4% |
4 Bedrooms | $487K | $537.5K | +10.4% |
5+ Bedrooms | $530K | $590K | +11.3% |
Summary: New Hanover 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 decreased by 7.3%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 11.3%.
Median Sold Price Compared To Nearby Cities
Perkiomenville | $332.5K | $422.5K | +27.1% |
Douglass Township | $385K | $384.9K | 0% |
Gilbertsville | $425K | $418.5K | -1.5% |
New Hanover Township | $452K | $440K | -2.7% |
Housing Supply in New Hanover Township, PA
How many homes are available in New Hanover Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 38 | +8.6% |
Summary: The New Hanover Township real estate market had 38 homes for sale in April 2024, a 8.6% 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 | 2 | 0.0% |
3 Bedrooms | 21 | 20 | -4.8% |
4 Bedrooms | 11 | 14 | +27.3% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The New Hanover 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 remained the same, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 8 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in New Hanover Township in April 2024, down by 20.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for New Hanover Township, PA
How long does it take to sell a home in New Hanover Township, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
57 Days | 16 Days | -70.5% |
Summary: Homes in New Hanover Township had an average of 16 days on market in Apr 2024, down by 70.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in New Hanover Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.