Is New Wilmington, PA 16142 a buyer’s or seller’s market?
New Wilmington is a seller’s market. With about 3.8 months of supply and 60% 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.
The New Wilmington housing market right now
In the three months ending August 31, 2026, 60% of homes in New Wilmington, PA 16142 sold above their list price, the typical home went under contract in 38 days and there were 3.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 10 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (43 days then) and the median sale price rose 150% to $374,838. Overall, New Wilmington is more competitive than a year ago, so tougher for buyers.
Within Mercer County, homes here sell faster, and more often over asking, than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Transfer 16154 (0% sold over asking) or Fredonia 16124 (0% sold over asking).
Run the numbers for 16142
Nearby markets
Carlton 16311Seller’s market $152 /sq ftClarks Mills 16114 — /sq ftFarrell 16121Balanced — /sq ftFredonia 16124Buyer’s market — /sq ft Browse all markets →Towns like New Wilmington nearby
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Questions about New Wilmington real estate
Is New Wilmington a buyer’s or seller’s market?
A seller’s market: there were 3.8 months of supply in New Wilmington, PA 16142 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 Wilmington?
The typical home went under contract in 38 days in the latest three months.
Do homes in New Wilmington sell over asking?
60% of homes sold above their original list price, and the typical sale closed at 101.0% of the list price.
What are property taxes in New Wilmington?
About 1.18% of a home’s value a year in Mercer County, or roughly $4,720 on a $400,000 home.
What is the median home price in New Wilmington?
The median sale price was $374,838 in the three months ending August 31, 2026, about $153 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