Is Warminster Township, 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 Township has remained a Seller's Market.
Key Takeaway
Warminster Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Warminster Township, PA
How much do homes in Warminster Township, PA cost?
Median Sold Price
$450,401
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Warminster Township have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Warminster Township was $450,401 in June 2024, up 7.2% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $191.2K | +15.9% |
| 2 Bedrooms | $262.5K | $303K | +15.4% |
| 3 Bedrooms | $408.5K | $435K | +6.5% |
| 4 Bedrooms | $485K | $504K | +3.9% |
| 5+ Bedrooms | $550K | $675K | +22.7% |
Summary: Warminster Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.9%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 22.7%.
Median Sold Price Compared To Nearby Cities
| Warminster Township | $420K | $450.4K | +7.2% |
| Warminster | $425K | $450.2K | +5.9% |
| Upper Southampton Township | $435K | $428.5K | -1.5% |
| Warwick Township | $570K | $535K | -6.1% |
Housing Supply in Warminster Township, PA
How many homes are available in Warminster Township, PA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 105 | 106 | +1.0% |
Summary: The Warminster Township real estate market had 106 homes for sale in June 2024, a 1.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 17 | 22 | +29.4% |
| 3 Bedrooms | 32 | 33 | +3.1% |
| 4 Bedrooms | 37 | 34 | -8.1% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Warminster Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 29.4%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 28 | 23 | -17.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Warminster Township, you could pay more than the asking price. 43.5% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Warminster Township in June 2024, down by 17.9% month-over-month. Of the 23 sold homes, 17% were sold under asking, 39% were sold at asking, and 43% were sold over asking.
Days on Market for Warminster Township, PA
How long does it take to sell a home in Warminster Township, PA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 14 Days | 13 Days | -5.1% |
Summary: Homes in Warminster Township had an average of 13 days on market in Jun 2024, down by 5.1% compared to last year.
Breakdown of Home Sale Times
20 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 23 homes were sold in Warminster Township; 87% 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.
