Is Warminster, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Warminster has remained a Seller's Market.
Key Takeaway
Warminster is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Warminster, PA
How much do homes in Warminster, PA cost?
Median Sold Price
$450,222
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Warminster have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Warminster was $450,222 in June 2024, up 5.9% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $205K | +20.6% |
| 2 Bedrooms | $285K | $357.5K | +25.4% |
| 3 Bedrooms | $413.7K | $440.5K | +6.5% |
| 4 Bedrooms | $489.5K | $504K | +3.0% |
| 5+ Bedrooms | $884K | $682.5K | -22.8% |
Summary: Warminster housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.6%, 2 bedroom homes increased by 25.4%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 22.8%.
Median Sold Price Compared To Nearby Cities
| Warminster Township | $420K | $450.4K | +7.2% |
| Warminster | $425K | $450.2K | +5.9% |
| Jamison | $625K | $655K | +4.8% |
| Warwick Township | $570K | $535K | -6.1% |
Housing Supply in Warminster, PA
How many homes are available in Warminster, PA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 111 | 116 | +4.5% |
Summary: The Warminster real estate market had 116 homes for sale in June 2024, a 4.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 20 | 29 | +45.0% |
| 3 Bedrooms | 33 | 34 | +3.0% |
| 4 Bedrooms | 38 | 35 | -7.9% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Warminster housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 45%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 29 | 24 | -17.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Warminster, you could pay more than the asking price. 45.8% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in Warminster in June 2024, down by 17.2% month-over-month. Of the 24 sold homes, 17% were sold under asking, 38% were sold at asking, and 46% were sold over asking.
Days on Market for Warminster, PA
How long does it take to sell a home in Warminster, PA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 13 Days | 13 Days | -0.9% |
Summary: Homes in Warminster had an average of 13 days on market in Jun 2024, down by 0.9% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Warminster are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 24 homes were sold in Warminster; 88% 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.
