Is New Castle, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, New Castle has remained a Seller's Market.
Housing Prices in New Castle, PA
How much do homes in New Castle, PA cost?
Median Sold Price
$129,960
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in New Castle was $129,960 in May 2024, up 1.5% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $36.9K | $58K | +57.0% |
2 Bedrooms | $92K | $88.7K | -3.5% |
3 Bedrooms | $135K | $138K | +2.2% |
4 Bedrooms | $171K | $168.7K | -1.3% |
5+ Bedrooms | $157.4K | $251.2K | +59.6% |
Summary: New Castle housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 57%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 59.6%.
Median Sold Price Compared To Nearby Cities
Union Township | $113K | $140.4K | +24.3% |
Neshannock Township | $219.9K | $233.5K | +6.2% |
New Castle | $128K | $129.9K | +1.5% |
Shenango Township | $207K | $178.9K | -13.6% |
Housing Supply in New Castle, PA
How many homes are available in New Castle, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
232 | 246 | +6.0% |
Summary: The New Castle real estate market had 246 homes for sale in May 2024, a 6.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 56 | 56 | 0.0% |
3 Bedrooms | 126 | 131 | +4.0% |
4 Bedrooms | 42 | 52 | +23.8% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The New Castle housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
37 | 44 | +18.9% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 44 homes were sold or pending in New Castle in May 2024, up by 18.9% month-over-month. Of the 44 sold homes, 61% were sold under asking, 16% were sold at asking, and 23% were sold over asking.
Days on Market for New Castle, PA
How long does it take to sell a home in New Castle, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
65 Days | 61 Days | -6.0% |
Summary: Homes in New Castle had an average of 61 days on market in May 2024, down by 6% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During May 2024, 44 homes were sold in New Castle; 48% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.