Is New Castle, PA 16105 a buyer’s or seller’s market?
New Castle is a seller’s market. With about 3.4 months of supply and 32% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 45% of U.S. ZIP codes, and #473 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 Castle housing market right now
In the three months ending August 31, 2026, 32% of homes in New Castle, PA 16105 sold above their list price, the typical home went under contract in 61 days and there were 3.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 62 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 26%, homes sold about as fast and the median sale price rose 13% to $226,652. Overall, New Castle is more competitive than a year ago, so tougher for buyers.
Within Lawrence County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell more often over asking than in 75%. On our competition score, New Castle ranks #473 of 601 PA ZIP codes with enough sales (score 45 out of 100).
Nearby, buyers who want less competition could look at Volant 16156 (0% sold over asking) or New Galilee 16141 (0% sold over asking), while West Pittsburg 16160 (50% sold over asking) and New Castle 16102 (37% sold over asking) are even more competitive.
Run the numbers for 16105
Nearby markets
Bessemer 16112Seller’s market $114 /sq ftEdinburg 16116Seller’s market $112 /sq ftEllwood City 16117Balanced $135 /sq ftEnon Valley 16120Buyer’s market $160 /sq ft Browse all markets →Towns like New Castle nearby
Find towns like New Castle in other states →Where New Castle is
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Questions about New Castle real estate
Is New Castle a buyer’s or seller’s market?
A seller’s market: there were 3.4 months of supply in New Castle, PA 16105 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 Castle?
The typical home went under contract in 61 days in the latest three months.
Do homes in New Castle sell over asking?
32% of homes sold above their original list price, and the typical sale closed at 97.7% of the list price.
What are property taxes in New Castle?
About 1.34% of a home’s value a year in Lawrence County, or roughly $5,360 on a $400,000 home.
What is the median home price in New Castle?
The median sale price was $226,652 in the three months ending August 31, 2026, about $137 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