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.
Housing Prices in Warwick Township, PA
How much do homes in Warwick Township, PA cost?
Median Sold Price
$535,000
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Warwick Township was $535,000 in May 2024, down 7% 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 | $295K | $300K | +1.7% |
2 Bedrooms | $390K | $407.5K | +4.5% |
3 Bedrooms | $460K | $465K | +1.1% |
4 Bedrooms | $713K | $705K | -1.1% |
5+ Bedrooms | $884K | $860K | -2.7% |
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 1.7%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 2.7%.
Median Sold Price Compared To Nearby Cities
Furlong | $605K | $650K | +7.4% |
Warminster | $420K | $449.9K | +7.1% |
Jamison | $630.4K | $637.5K | +1.1% |
Warwick Township | $575K | $535K | -7.0% |
Wrightstown Township | $1.0M | $765K | -28.6% |
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 |
---|---|---|
37 | 35 | -5.4% |
Summary: The Warwick Township real estate market had 35 homes for sale in May 2024, a 5.4% decrease 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 | 5 | 2 | -60.0% |
3 Bedrooms | 9 | 8 | -11.1% |
4 Bedrooms | 16 | 19 | +18.8% |
5+ Bedrooms | 6 | 5 | -16.7% |
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 60%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 6 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Warwick Township in May 2024, down by 50.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% 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 |
---|---|---|
15 Days | 9 Days | -41.2% |
Summary: Homes in Warwick Township had an average of 9 days on market in May 2024, down by 41.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Warwick Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.