Is Warminster, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Warminster was a Seller's Market.
Key Takeaway
Warminster is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Warminster, PA
How much do homes in Warminster, PA cost?
Median Sold Price
$435,000
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Warminster have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Warminster was $435,000 in March 2024, up 2.4% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $205K | +17.1% |
| 2 Bedrooms | $280K | $346K | +23.6% |
| 3 Bedrooms | $420K | $425K | +1.2% |
| 4 Bedrooms | $480K | $500.5K | +4.3% |
| 5+ Bedrooms | $906.5K | $833.8K | -8.0% |
Summary: Warminster housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.1%, 2 bedroom homes increased by 23.6%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 8%.
Median Sold Price Compared To Nearby Cities
| Warminster | $425K | $435K | +2.4% |
| Warminster Township | $425K | $434.1K | +2.1% |
| Jamison | $625.5K | $610K | -2.5% |
| Warwick Township | $582.4K | $525K | -9.9% |
Housing Supply in Warminster, PA
How many homes are available in Warminster, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 121 | 119 | -1.7% |
Summary: The Warminster real estate market had 119 homes for sale in March 2024, a 1.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 17 | 20 | +17.6% |
| 3 Bedrooms | 46 | 44 | -4.3% |
| 4 Bedrooms | 37 | 36 | -2.7% |
| 5+ Bedrooms | 18 | 15 | -16.7% |
Summary: The Warminster housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 17.6%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 17 | -10.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Warminster, you could pay more than the asking price. 47.1% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Warminster in March 2024, down by 10.5% month-over-month. Of the 17 sold homes, 41% were sold under asking, 12% were sold at asking, and 47% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 22 Days | 21 Days | -2.7% |
Summary: Homes in Warminster had an average of 21 days on market in Mar 2024, down by 2.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Warminster are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 17 homes were sold in Warminster; 88% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
