Is New Salem, PA 15468 a buyer’s or seller’s market?
New Salem is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The New Salem housing market right now
In the three months ending August 31, 2026, 0% of homes in New Salem, PA 15468 sold above their list price, the typical home went under contract in 83 days and there were 4.8 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. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (56 days then) and the median sale price fell 44% to $72,469. Overall, New Salem is less competitive than a year ago, which gives buyers more room.
Within Fayette County, homes here sell more slowly than in 77% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Hiller 15444 (100% sold over asking) and East Millsboro 15433 (50% sold over asking) are even more competitive.
Run the numbers for 15468
Nearby markets
Adah 15410Buyer’s market $32 /sq ftAllison 15413Seller’s market — /sq ftCardale 15420 — /sq ftChalk Hill 15421Seller’s market $234 /sq ft Browse all markets →Towns like New Salem nearby
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Questions about New Salem real estate
Is New Salem a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in New Salem, PA 15468 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 Salem?
The typical home went under contract in 83 days in the latest three months.
Do homes in New Salem sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 87.5% of the list price.
What are property taxes in New Salem?
About 1.12% of a home’s value a year in Fayette County, or roughly $4,480 on a $400,000 home.
What is the median home price in New Salem?
The median sale price was $72,469 in the three months ending August 31, 2026, about $121 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