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.
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
$523,000
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Warrington Township have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in Warrington Township was $523,000 in May 2024, up 12.5% 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 | - | $207.5K | N/A |
| 2 Bedrooms | $340K | $400K | +17.6% |
| 3 Bedrooms | $452.5K | $475K | +5.0% |
| 4 Bedrooms | $552K | $649.9K | +17.7% |
| 5+ Bedrooms | $700K | $627.5K | -10.4% |
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 17.6%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes decreased by 10.4%.
Median Sold Price Compared To Nearby Cities
| Conewago Township | $259.9K | $300K | +15.4% |
| Warrington Township | $465K | $523K | +12.5% |
| Dover Township | $250.1K | $271.5K | +8.5% |
| Monaghan Township | $332.2K | $322.5K | -2.9% |
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 |
|---|---|---|
| 66 | 74 | +12.1% |
Summary: The Warrington Township real estate market had 74 homes for sale in May 2024, a 12.1% 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 | 19 | +35.7% |
| 3 Bedrooms | 27 | 26 | -3.7% |
| 4 Bedrooms | 21 | 23 | +9.5% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
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 35.7%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Warrington Township, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Warrington Township in May 2024, the same as the previous month. Of the 15 sold homes, 33% were sold under asking, 20% were sold at asking, and 47% 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 |
|---|---|---|
| 44 Days | 15 Days | -65.4% |
Summary: Homes in Warrington Township had an average of 15 days on market in May 2024, down by 65.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Warrington Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 15 homes were sold in Warrington Township; 87% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
