Is Warrington Township, 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, Warrington Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $345K | $400K | +15.9% |
3 Bedrooms | $481K | $510K | +6.0% |
4 Bedrooms | $655K | $712K | +8.7% |
5+ Bedrooms | $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 | $510K | $560K | +9.8% |
Doylestown Township | $616.8K | $642.5K | +4.2% |
Jamison | $630.4K | $637.5K | +1.1% |
New Britain Township | $506.2K | $497.5K | -1.7% |
Warwick Township | $575K | $535K | -7.0% |
Housing Supply in Warrington Township, PA
How many homes are available in Warrington Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
67 | 80 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 14 | 18 | +28.6% |
3 Bedrooms | 22 | 26 | +18.2% |
4 Bedrooms | 26 | 29 | +11.5% |
5+ Bedrooms | 5 | 6 | +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 2024 | May 2024 | CHANGE |
---|---|---|
15 | 17 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
38 Days | 14 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
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.