Is Warwick Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Warwick Township has remained a Buyer's Market.
Key Takeaway
Warwick Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Warwick Township, PA
How much do homes in Warwick Township, PA cost?
Median Sold Price
$435,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Warwick Township have sold for 14.5% more than they did a year ago.
Summary: The median home sold price in Warwick Township was $435,000 in March 2024, up 14.5% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $300K | +5.3% |
| 2 Bedrooms | $384.4K | $410K | +6.6% |
| 3 Bedrooms | $305K | $365K | +19.7% |
| 4 Bedrooms | $455K | $475K | +4.4% |
| 5+ Bedrooms | $840K | $574.9K | -31.6% |
Summary: Warwick Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 19.7%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 31.6%.
Median Sold Price Compared To Nearby Cities
| Elizabeth Township | $158.5K | $240.5K | +51.7% |
| Clay Township | $327.5K | $430.5K | +31.5% |
| Lititz | $335K | $425K | +26.9% |
| Warwick Township | $380K | $435K | +14.5% |
Housing Supply in Warwick Township, PA
How many homes are available in Warwick Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 75 | 69 | -8.0% |
Summary: The Warwick Township real estate market had 69 homes for sale in March 2024, a 8.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 31 | 26 | -16.1% |
| 4 Bedrooms | 24 | 22 | -8.3% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Warwick Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 16.1%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 9 | -40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Warwick Township, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Warwick Township in March 2024, down by 40.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Days on Market for Warwick Township, PA
How long does it take to sell a home in Warwick Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 23 Days | 30 Days | +27.9% |
Summary: Homes in Warwick Township had an average of 30 days on market in Mar 2024, up by 27.9% compared to last year.
Breakdown of Home Sale Times
7 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 Warwick Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in Warwick Township; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
