Is Warrington 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, Warrington Township has remained a Seller's Market.
Key Takeaway
Warrington Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Warrington Township, PA
How much do homes in Warrington Township, PA cost?
Median Sold Price
$549,983
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Warrington Township have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Warrington Township was $549,983 in June 2024, up 7.8% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $325K | N/A |
| 2 Bedrooms | $425K | $390.5K | -8.1% |
| 3 Bedrooms | $483K | $500K | +3.5% |
| 4 Bedrooms | $650K | $715K | +10.0% |
| 5+ Bedrooms | $1.0M | $712.5K | -32.7% |
Summary: Warrington Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.1%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 32.7%.
Median Sold Price Compared To Nearby Cities
| Warrington Township | $510K | $549.9K | +7.8% |
| Jamison | $625K | $655K | +4.8% |
| Doylestown Township | $623K | $640K | +2.7% |
| New Britain Township | $500K | $505K | +1.0% |
| Warwick Township | $570K | $535K | -6.1% |
Housing Supply in Warrington Township, PA
How many homes are available in Warrington Township, PA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 89 | 87 | -2.2% |
Summary: The Warrington Township real estate market had 87 homes for sale in June 2024, a 2.2% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 20 | 16 | -20.0% |
| 3 Bedrooms | 28 | 34 | +21.4% |
| 4 Bedrooms | 34 | 30 | -11.8% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Warrington Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 21.4%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 25 | 31 | +24.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Warrington Township, you could pay more than the asking price. 51.6% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in Warrington Township in June 2024, up by 24.0% month-over-month. Of the 31 sold homes, 29% were sold under asking, 19% were sold at asking, and 52% were sold over asking.
Days on Market for Warrington Township, PA
How long does it take to sell a home in Warrington Township, PA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 15 Days | 8 Days | -45.1% |
Summary: Homes in Warrington Township had an average of 8 days on market in Jun 2024, down by 45.1% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Warrington Township are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 31 homes were sold in Warrington Township; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
