Is Washington, 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, Washington has remained a Seller's Market.
Key Takeaway
Washington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Washington, PA
How much do homes in Washington, PA cost?
Median Sold Price
$216,125
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Washington have sold for 49.6% more than they did a year ago.
Summary: The median home sold price in Washington was $216,125 in March 2024, up 49.6% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $25K | $81.7K | +227.0% |
| 2 Bedrooms | $112K | $151K | +34.8% |
| 3 Bedrooms | $156K | $225K | +44.2% |
| 4 Bedrooms | $160K | $305K | +90.6% |
| 5+ Bedrooms | $182.5K | $335.5K | +83.8% |
Summary: Washington housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 227%, 2 bedroom homes increased by 34.8%, 3 bedroom homes increased by 44.2%, 4 bedroom homes increased by 90.6%, and 5+ bedroom homes increased by 83.8%.
Median Sold Price Compared To Nearby Cities
| Washington | $144.4K | $216.1K | +49.6% |
| South Strabane Township | $250K | $273.5K | +9.4% |
| Canton Township | $225K | $200K | -11.1% |
Housing Supply in Washington, PA
How many homes are available in Washington, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 127 | 150 | +18.1% |
Summary: The Washington real estate market had 150 homes for sale in March 2024, a 18.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 31 | 29 | -6.5% |
| 3 Bedrooms | 74 | 87 | +17.6% |
| 4 Bedrooms | 16 | 21 | +31.3% |
| 5+ Bedrooms | 5 | 10 | +100.0% |
Summary: The Washington housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 32 | +68.4% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Washington, you may be able to get a good deal. 53.1% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Washington in March 2024, up by 68.4% month-over-month. Of the 32 sold homes, 53% were sold under asking, 25% were sold at asking, and 22% were sold over asking.
Days on Market for Washington, PA
How long does it take to sell a home in Washington, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 68 Days | 53 Days | -22.8% |
Summary: Homes in Washington had an average of 53 days on market in Mar 2024, down by 22.8% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Washington are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 32 homes were sold in Washington; 47% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.