Is Warminster, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Warminster has remained a Seller's Market.
Key Takeaway
Warminster is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Warminster, PA
How much do homes in Warminster, PA cost?
Median Sold Price
$449,998
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Warminster have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Warminster was $449,998 in May 2024, up 7.1% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $167.5K | $185K | +10.4% |
| 2 Bedrooms | $285K | $352.7K | +23.8% |
| 3 Bedrooms | $406K | $435K | +7.1% |
| 4 Bedrooms | $485K | $510K | +5.2% |
| 5+ Bedrooms | $888K | $710K | -20.0% |
Summary: Warminster housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.4%, 2 bedroom homes increased by 23.8%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes decreased by 20%.
Median Sold Price Compared To Nearby Cities
| Warminster | $420K | $449.9K | +7.1% |
| Warminster Township | $420K | $449.8K | +7.1% |
| Jamison | $630.4K | $637.5K | +1.1% |
| Warwick Township | $575K | $535K | -7.0% |
Housing Supply in Warminster, PA
How many homes are available in Warminster, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 94 | 102 | +8.5% |
Summary: The Warminster real estate market had 102 homes for sale in May 2024, a 8.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 8 | 0.0% |
| 2 Bedrooms | 16 | 19 | +18.8% |
| 3 Bedrooms | 28 | 28 | 0.0% |
| 4 Bedrooms | 31 | 37 | +19.4% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Warminster housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18.8%, 3 bedroom homes remained the same, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 19 | -29.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Warminster, you could pay more than the asking price. 52.6% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Warminster in May 2024, down by 29.6% month-over-month. Of the 19 sold homes, 37% were sold under asking, 11% were sold at asking, and 53% were sold over asking.
Days on Market for Warminster, PA
How long does it take to sell a home in Warminster, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 9 Days | -20.2% |
Summary: Homes in Warminster had an average of 9 days on market in May 2024, down by 20.2% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Warminster are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 19 homes were sold in Warminster; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
