Is Warrington Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Warrington Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Warrington Township has remained a Seller's Market.

Key Takeaway

Warrington Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Warrington Township, PA

How much do homes in Warrington Township, PA cost?

Median Sold Price

$560,000

$262/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$50,000(+9.8%)

Key Takeaway

Homes in Warrington Township have sold for 9.8% more than they did a year ago.

Summary: The median home sold price in Warrington Township was $560,000 in May 2024, up 9.8% from last year, and the median price per square foot was $262.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $345K$400K
+15.9%
3 $481K$510K
+6.0%
4 $655K$712K
+8.7%
5+ $927K$785K
-15.3%

Summary: Warrington Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes decreased by 15.3%.

Median Sold Price Compared To Nearby Cities

Warrington Township
+9.8%
Doylestown Township
+4.2%
Jamison
+1.1%
New Britain Township
-1.7%
Warwick Township
-7.0%

Housing Supply in Warrington Township, PA

How many homes are available in Warrington Township, PA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
6780+19.4%

Summary: The Warrington Township real estate market had 80 homes for sale in May 2024, a 19.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 1418
+28.6%
3 2226
+18.2%
4 2629
+11.5%
5+ 56
+20.0%

Summary: The Warrington Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1517+13.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Warrington Township, you could pay more than the asking price. 52.9% of homes here sold above asking price last month.

Summary: A total of 17 homes were sold or pending in Warrington Township in May 2024, up by 13.3% month-over-month. Of the 17 sold homes, 29% were sold under asking, 18% were sold at asking, and 53% were sold over asking.

Days on Market for Warrington Township, PA

How long does it take to sell a home in Warrington Township, PA?

Average Sale Time

May 2023May 2024CHANGE
38 Days14 Days-63.2%

Summary: Homes in Warrington Township had an average of 14 days on market in May 2024, down by 63.2% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Warrington Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 17 homes were sold in Warrington Township; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Warrington Township, PA

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