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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Warwick Township is a neutral's market

Buyer's
Market

Difference Since March 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

$525,000

$252/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$57,450(-9.9%)

Key Takeaway

Homes in Warwick Township have sold for 9.9% less than they did a year ago.

Summary: The median home sold price in Warwick Township was $525,000 in March 2024, down 9.9% from last year, and the median price per square foot was $252.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $295K$300K
+1.7%
2 $390K$410K
+5.1%
3 $466K$465K
-0.2%
4 $689.9K$705K
+2.2%
5+ $884K$855K
-3.3%

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 1.7%, 2 bedroom homes increased by 5.1%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 3.3%.

Median Sold Price Compared To Nearby Cities

Warminster
+2.4%
Jamison
-2.5%
Warwick Township
-9.9%

Housing Supply in Warwick Township, PA

How many homes are available in Warwick Township, PA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
5360+13.2%

Summary: The Warwick Township real estate market had 60 homes for sale in March 2024, a 13.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 58
+60.0%
3 2123
+9.5%
4 2021
+5.0%
5+ 78
+14.3%

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 60%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
510+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Warwick Township, you could pay more than the asking price. 70% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in Warwick Township in March 2024, up by 100.0% month-over-month. Of the 10 sold homes, 10% were sold under asking, 20% were sold at asking, and 70% 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 2023Mar 2024CHANGE
7 Days64 Days+825.7%

Summary: Homes in Warwick Township had an average of 64 days on market in Mar 2024, up by 825.7% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 10 homes were sold in Warwick Township; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% 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 22 Days Ago

Newest Listings in Warwick Township, PA

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What housing markets are near Warwick Township, PA?