Is Warwick 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, Warwick Township has remained a Seller's Market.
Key Takeaway
Warwick Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Warwick Township, PA
How much do homes in Warwick Township, PA cost?
Median Sold Price
$445,000
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Warwick Township have sold for 16.3% more than they did a year ago.
Summary: The median home sold price in Warwick Township was $445,000 in May 2024, up 16.3% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $300K | +5.3% |
| 2 Bedrooms | $385K | $411.2K | +6.8% |
| 3 Bedrooms | $320K | $380K | +18.8% |
| 4 Bedrooms | $439.9K | $482.5K | +9.7% |
| 5+ Bedrooms | $495K | $638.5K | +29.0% |
Summary: Warwick Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 29%.
Median Sold Price Compared To Nearby Cities
| Elizabeth Township | $180K | $245K | +36.1% |
| Clay Township | $335K | $425K | +26.9% |
| Warwick Township | $382.5K | $445K | +16.3% |
| Lititz | $385K | $429.9K | +11.7% |
| West Earl Township | $334K | $348.8K | +4.5% |
Housing Supply in Warwick Township, PA
How many homes are available in Warwick Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 45 | 46 | +2.2% |
Summary: The Warwick Township real estate market had 46 homes for sale in May 2024, a 2.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 7 | -36.4% |
| 3 Bedrooms | 15 | 20 | +33.3% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Warwick Township 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 decreased by 36.4%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Warwick Township, you could pay more than the asking price. 70% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Warwick Township in May 2024, down by 23.1% month-over-month. Of the 10 sold homes, 10% were sold under asking, 20% were sold at asking, and 70% were sold over asking.
Days on Market for Warwick Township, PA
How long does it take to sell a home in Warwick Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 10 Days | 54 Days | +419.7% |
Summary: Homes in Warwick Township had an average of 54 days on market in May 2024, up by 419.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Warwick Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Warwick Township; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
