Is New Kensington, PA 15068 a buyer’s or seller’s market?
New Kensington is a balanced market. With about 4.6 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 30% of U.S. ZIP codes, and #539 of 601 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The New Kensington housing market right now
In the three months ending August 31, 2026, 23% of homes in New Kensington, PA 15068 sold above their list price, the typical home went under contract in 55 days and there were 4.6 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 112 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 31%, homes sold about as fast and the median sale price fell 4% to $190,917. Overall, New Kensington is less competitive than a year ago, which gives buyers more room.
Within Westmoreland County, homes here sell more slowly than in 64% of the county’s ZIP codes, and sell more often over asking than in 53%. On our competition score, New Kensington ranks #539 of 601 PA ZIP codes with enough sales (score 33 out of 100).
Nearby, buyers who want less competition could look at Yukon 15698 (0% sold over asking) or Westmoreland City 15692 (0% sold over asking), while Bolivar 15923 (100% sold over asking) and Ruffs Dale 15679 (67% sold over asking) are even more competitive.
Run the numbers for 15068
Nearby markets
Acme 15610Seller’s market $102 /sq ftAdamsburg 15611 — /sq ftAlverton 15612 — /sq ftApollo 15613Seller’s market $170 /sq ft Browse all markets →Towns like New Kensington nearby
Find towns like New Kensington in other states →Where New Kensington is
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Questions about New Kensington real estate
Is New Kensington a buyer’s or seller’s market?
A balanced market: there were 4.6 months of supply in New Kensington, PA 15068 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in New Kensington?
The typical home went under contract in 55 days in the latest three months.
Do homes in New Kensington sell over asking?
23% of homes sold above their original list price, and the typical sale closed at 96.7% of the list price.
What are property taxes in New Kensington?
About 1.23% of a home’s value a year in Westmoreland County, or roughly $4,920 on a $400,000 home.
What is the median home price in New Kensington?
The median sale price was $190,917 in the three months ending August 31, 2026, about $163 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology