New - 1 day on Rocket
$3,978 Closing Credit¹
Nicole D Arduino, Listing Office: Coldwell Banker Realty
New Kensington Housing Market Report December 2024•Westmoreland County, Pennsylvania
Housing Prices in New Kensington, PA
How much do homes in New Kensington, PA cost?
Housing Market Conditions
Is New Kensington, PA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
New Kensington is a Seller's Market
Difference Since December 2023
Since last year, New Kensington has remained a Seller's Market.
Insight
New Kensington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$179,900$149/SqFt
+$13,566
+8.2%
Based on all homes sold in the last 12 months
Insight
Homes in New Kensington have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in New Kensington was $179,900 in December 2024, up 8.2% from last year, and the median price per square foot was $149.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| New Kensington | $166.3K | $179.9K | +8.2% |
| Lower Burrell | $190K | $200K | +5.3% |
| Arnold | $95.5K | $79.9K | -16.3% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $79.9K | $77.5K | -2.9% |
| 22 Bedrooms | $130K | $149K | +14.6% |
| 33 Bedrooms | $180K | $189.9K | +5.5% |
| 44 Bedrooms | $217.7K | $192.4K | -11.6% |
| 55+ Bedrooms | $265K | $230K | -13.2% |
Summary: New Kensington housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -2.9%. The home price for 2 bedroom homes increased by +14.6%. The home price for 3 bedroom homes increased by +5.5%. The home price for 4 bedroom homes decreased by -11.6%. The home price for 5 bedroom homes decreased by -13.2%.
Housing supply in New Kensington, PA
How many homes are available in New Kensington, PA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 139Last MonthDec 2024 | ||
| 1522 months agoNov 2024 | -8.6 % Change MoMNov – Dec |
Summary: The New Kensington real estate market had 139 homes for sale in Dec 2024, a 8.6 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 29Last MonthDec 2024 | ||
| 332 months agoNov 2024 | -12.1 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 31 | 32 | +3.2% |
| 33 Bedrooms | 79 | 65 | -17.7% |
| 44 Bedrooms | 37 | 37 | 0.0% |
| 55+ Bedrooms | 5 | 5 | 0.0% |
Summary: New Kensington housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +3.2%. The inventory for 3 bedroom homes decreased by -17.7%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in New Kensington, PA cost?
Over Asking Price5 Homes
At Asking Price4 Homes
Under Asking Price20 Homes
Insight
If you're buying a home in New Kensington, you may be able to get a good deal. 69% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in New Kensington in December 2024, down by 12.1% month-over-month. Of the 29 sold homes, 69% were sold under asking, 14% were sold at asking, and and 17% were sold over asking.
Days on Market for New Kensington, PA
How long does it take to sell a home in New Kensington, PA?
Breakdown of Home Sale Times
Under 30 Days15 Homes
30 – 90 Days7 Homes
Over 90 Days7 Homes
Insight
Many homes in New Kensington are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 29 homes were sold in New Kensington; 52% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 47 DaysThis YearDec 2024 | ||
| 40 Days1 year agoDec 2023 | +17.3 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in New Kensington had an average listing age of 47 days in Dec 2024, up by 17.3% compared to the previous year.
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Newest Listings in New Kensington, PA
What homes are available in New Kensington, PA?
New - 2 days on Rocket
$2,136 Closing Credit¹
Laurel Eadline, Listing Office: The Noble Group, Llc
New - 3 days on Rocket
$238 Closing Credit¹
Michael Young, Listing Office: Engel & Volkers Sewickley
New - 6 days on Rocket
$2,256 Closing Credit¹
John Marzullo, Listing Office: Compass Pennsylvania, Llc
$2,136 Closing Credit¹
Laurel Eadline, Listing Office: The Noble Group, Llc
$3,502 Closing Credit¹
Corey Burns, Listing Office: Coldwell Banker Realty
$1,008 Closing Credit¹
Shawn McGregor, Listing Office: Coldwell Banker Realty
$2,078 Closing Credit¹
Thomas J Conn Sr, Listing Office: Conn Realty, Inc.
$2,136 Closing Credit¹
Gary Pish, Listing Office: Howard Hanna Real Estate Services
$1,305 Closing Credit¹
Joshua Swinehart, Listing Office: Southbound Enterprises Llc
$4,749 Closing Credit¹
John Marzullo, Listing Office: Compass Pennsylvania, Llc
Backup offers
$523 Closing Credit¹
Mike Poulliott, Listing Office: Coldwell Banker Realty
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MLS Disclaimers and Copyright
Based on information from West Penn Multi-List Inc., and BrightMLS for the period 01/01/2023 - 01/01/2025
The multiple listing information is provided by West Penn Multi-List, Inc. Information deemed reliable, but not guaranteed. IDX info provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale, change, or withdrawal. Listings displaying the IDX logo belong to brokers other than this broker. Neither the listing broker(s) nor this broker or the MLS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Copyright © 2025 West Penn Multi-List, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/31/2025, 8:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/31/2025, 8:23:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.