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Newtown Pa Homes - How to Find Newtown, PA Homes

percent price currently median

Newtown, Pennsylavania is a historic town founded in 1684 by William Penn. The town is within close proximity to Trenton, New Jersey. However, it is considered a part of the Philadelphia metropolitan area. The town boasts 2,312 and 920 households, according to the 2000 census. However, recent 2009 estimates indicate the town has grown to over 30,000 individuals. The median income of a household is $63,571 and for a family is $78,215. The real estate in Pennsylvania is exhibiting an increase in value. Newtown, PA homes currently have a median sale price of $346,750. This number is based upon 50 homes sales in Newton, PA. The median list price is $772,498. The median sale price is up by 5.1 percent and the median list price is up by 3 percent.

Currently, there are 272 Newtown, PA homes for sale. Recently, 236 Newtown, PA homes sold in the area. Though the economy and housing market has experienced decline in recent years, Newtown, PA is remaining fairly stable despite the condition of the housing market. Currently, only 67 homes are in foreclosure in the area. Foreclosed homes bring new opportunity for homebuyers. Foreclosed properties often allow investors to obtain a property for an affordable price. Individuals, if the home is in good condition, desire foreclosed properties.

The median home sales price increased 5.1 percent for Newtown, PA homes. In terms of dollars, this represents a $16,850 increase. However, in the same time period, the number of home sales decreased by 29.6 percent. The average price of Newtown, PA homes per square foot increased 5.5 percent to $193 in 2010. The two and three bedroom home prices are showing an increase of 12.2 percent and 7.8 percent respectively. The four bedrooms decreased by 1 percent in value.

According to Sperling’s Best Places to Live, Newtown, PA has a cost of living 49.66 percent higher than other United States location. Unemployment is currently 7.4 percent in Newtown, PA. While this number is not low, the number is lower than the national average, which is currently over 8 percent. The schools spend on average $8,545 per student compared to the national average of $6,058. Currently, each classroom possesses 19 students per teacher.

Residents of Newtown, PA enjoy the ballet and jazz. Productions such as, “Swan Lake” is a favorite among the locals. The Langhorne Players are often responsible for these productions. In addition to ballets, comedies, dramas, and musicals are often hosted by this group. The Newtown Jazz trio is also popular with the residents. The Newtown Chamber Orchestra has been entertaining the residents for nearly 16 years. There are a number of festivals, farmer’s markets, apple picking orchards, bird watching and other things to do in Newtown, PA. Newtown, PA residents also visit nearby State Parks, amusement parks, and other cultural events all over Pennsylvania.

Individuals seeking to purchase a home in Newtown, PA may find an affordable home. However, the prices are holding steady in the area. The job growth in the area has decreased by 0.5 percent, but may rebound in the coming months. Individuals typically find that where there is job growth, individuals can afford to purchase homes. Again, the percentage decrease in jobs is not as large as in most areas of the country.

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