$7,422 Closing Credit*
$625,000
2,816 SqFt
4 Beds
•2 Full Baths, 1 Partial
Anne M Lusk, Listing Office: Lusk & Associates Sotheby's International Realty
Is Warwick Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Warwick Township was a Seller's Market.
Key Takeaway
Warwick Township 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 Warwick Township, PA
How much do homes in Warwick Township, PA cost?
Median Sold Price
$441,900
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$26,900(+6.5%)
Key Takeaway
Homes in Warwick Township have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Warwick Township was $441,900 in September 2024, up 6.5% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295K | $290K | -1.7% |
| 2 Bedrooms | $415K | $407.7K | -1.7% |
| 3 Bedrooms | $320K | $375K | +17.2% |
| 4 Bedrooms | $455K | $520K | +14.3% |
| 5+ Bedrooms | $485K | $685K | +41.2% |
Summary: Warwick Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.7%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 41.2%.
Median Sold Price Compared To Nearby Cities
| Clay Township | $380K | $420K | +10.5% |
| Warwick Township | $415K | $441.9K | +6.5% |
| Lititz | $425K | $433.6K | +2.0% |
| Elizabeth Township | $214.9K | $215K | 0.0% |
| West Earl Township | $350K | $335K | -4.3% |
Housing Supply in Warwick Township, PA
How many homes are available in Warwick Township, PA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 67 | 63 | -6.0% |
Summary: The Warwick Township real estate market had 63 homes for sale in September 2024, a 6.0% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 16 | +14.3% |
| 3 Bedrooms | 28 | 27 | -3.6% |
| 4 Bedrooms | 21 | 16 | -23.8% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Warwick Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 23.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 20 | 9 | -55.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 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. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Warwick Township in September 2024, down by 55.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 32 Days | 25 Days | -21.3% |
Summary: Homes in Warwick Township had an average of 25 days on market in Sep 2024, down by 21.3% compared to last year.
Breakdown of Home Sale Times
6 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 Warwick Township are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 9 homes were sold in Warwick Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
