Is Warminster Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Warminster Township is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Warminster Township was a Seller's Market.

Key Takeaway

Warminster Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Warminster Township, PA

How much do homes in Warminster Township, PA cost?

Median Sold Price

$434,133

$251/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$9,133(+2.1%)

Key Takeaway

Homes in Warminster Township have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in Warminster Township was $434,133 in March 2024, up 2.1% from last year, and the median price per square foot was $251.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $167.5K$185K
+10.4%
2 $262.4K$277.5K
+5.7%
3 $420K$420.7K
0.2%
4 $477.4K$500K
+4.7%
5+ $526K$833.8K
+58.5%

Summary: Warminster Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.4%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 58.5%.

Median Sold Price Compared To Nearby Cities

Upper Southampton Township
+7.1%
Warminster
+2.4%
Warminster Township
+2.1%
Warwick Township
-9.9%

Housing Supply in Warminster Township, PA

How many homes are available in Warminster Township, PA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
112109-2.7%

Summary: The Warminster Township real estate market had 109 homes for sale in March 2024, a 2.7% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 34
+33.3%
2 1414
0.0%
3 4545
0.0%
4 3332
-3.0%
5+ 1714
-17.6%

Summary: The Warminster Township 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 17.6%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1615-6.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Warminster Township, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Warminster Township in March 2024, down by 6.3% month-over-month. Of the 15 sold homes, 47% were sold under asking, 13% were sold at asking, and 40% 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

Mar 2023Mar 2024CHANGE
22 Days23 Days+7.9%

Summary: Homes in Warminster Township had an average of 23 days on market in Mar 2024, up by 7.9% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Warminster Township are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 15 homes were sold in Warminster Township; 87% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

Newest Listings in Warminster Township, PA

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What housing markets are near Warminster Township, PA?