Is Washington 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, Washington Township has remained a Seller's Market.
Housing Prices in Washington Township, PA
How much do homes in Washington Township, PA cost?
Median Sold Price
$225,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Washington Township was $225,000 in May 2024, up 3.4% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $37.5K | $90K | +140.0% |
2 Bedrooms | $155K | $148.5K | -4.2% |
3 Bedrooms | $226K | $229.2K | +1.4% |
4 Bedrooms | $295.1K | $319K | +8.1% |
5+ Bedrooms | $345K | $365K | +5.8% |
Summary: Washington Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 140%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 5.8%.
Median Sold Price Compared To Nearby Cities
Warrington Township | $465K | $523K | +12.5% |
Dover Township | $250.1K | $271.5K | +8.5% |
Washington Township | $217.6K | $225K | +3.4% |
Paradise Township | $350K | $299.9K | -14.3% |
Housing Supply in Washington Township, PA
How many homes are available in Washington Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
145 | 156 | +7.6% |
Summary: The Washington Township real estate market had 156 homes for sale in May 2024, a 7.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 30 | 36 | +20.0% |
3 Bedrooms | 80 | 84 | +5.0% |
4 Bedrooms | 22 | 23 | +4.5% |
5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Washington Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
43 | 31 | -27.9% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Washington Township in May 2024, down by 27.9% month-over-month. Of the 31 sold homes, 45% were sold under asking, 19% were sold at asking, and 35% were sold over asking.
Days on Market for Washington Township, PA
How long does it take to sell a home in Washington Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
41 Days | 32 Days | -20.7% |
Summary: Homes in Washington Township had an average of 32 days on market in May 2024, down by 20.7% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 31 homes were sold in Washington Township; 61% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.