Market Report: Newtown PA Real Estate for October 27, 2013
The median sales price for homes in Newtown PA for July 13 to October 13 was $365,000. This represents an increase of 3.6%, or $12,550, compared to the prior quarter and a decrease of 13% compared to the prior year.
Sales prices have depreciated 25.8% over the last 5 years in Newtown. The average listing price for Newtown homes for sale was $658,741 for the week ending October 16, which represents an increase of 1%, or $6,764, compared to the prior week and a decline of 0.5%, or $3,164, compared to the week ending Sep 25.
Average price per square foot for Newtown PA was $183, an increase of 2.8% compared to the same period last year.
Newtown Summary
The median sales price for homes in Newtown PA for July 13 to October 13 was $365,000 based on 135 home sales. Compared to the same period one year ago, the median home sales price decreased 13%, or $54,350, and the number of home sales increased 25%.
There are currently 224 resale and new homes in Newtown including 10 open houses, as well as 64 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process.
The average listing price for homes for sale in Newtown PA was $658,741 for the week ending October16, which represents an increase of 1%, or $6,764, compared to the prior week.
What's New
This Fall -- There Are No Tricks, Just Treats!
- Existing-home sales hit their highest level in 6.5 years in August!
- Existing-home sales rose 1.7% and were on 13.2% annually.
- Existing-home inventory at the end of August increased 0.4% to 2.25 million homes, representing a 4.9 month suppy of homes at the current rate of homes sales. That's down from a 6 month supply in 2012.
- The median sale price for Bucks County Homes was $280,000 in August 2012. This August, the median sale price was $290,000, an increase of 4% or $10,000 compared to last year.
Source: Trend MLS and Realtor.com
Market Report: Newtown PA Real Estate for October 27, 2013
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