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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Washington Township is a seller's market

Buyer's
Market

Difference Since June 2023

Since last year, Washington Township has remained a Seller's Market.

Key Takeaway

Washington Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Washington Township, PA

How much do homes in Washington Township, PA cost?

Median Sold Price

$249,900

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$18,437(+8.0%)

Key Takeaway

Homes in Washington Township have sold for 8% more than they did a year ago.

Summary: The median home sold price in Washington Township was $249,900 in June 2024, up 8% from last year, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $33.7K$100K
+196.3%
2 $164.9K$150K
-9.0%
3 $231.9K$249.9K
+7.7%
4 $322.5K$325K
+0.8%
5+ $346K$400K
+15.6%

Summary: Washington Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 196.3%, 2 bedroom homes decreased by 9%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 15.6%.

Median Sold Price Compared To Nearby Cities

Waynesboro
+14.0%
Washington Township
+8.0%

Housing Supply in Washington Township, PA

How many homes are available in Washington Township, PA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
202218+7.9%

Summary: The Washington Township real estate market had 218 homes for sale in June 2024, a 7.9% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 33
0.0%
2 4335
-18.6%
3 108122
+13.0%
4 3641
+13.9%
5+ 1217
+41.7%

Summary: The Washington 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 18.6%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 41.7%.

Number of Homes Sold

May 2024Jun 2024CHANGE
5540-27.3%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Washington Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 40 homes were sold or pending in Washington Township in June 2024, down by 27.3% month-over-month. Of the 40 sold homes, 50% were sold under asking, 5% were sold at asking, and 45% were sold over asking.

Days on Market for Washington Township, PA

How long does it take to sell a home in Washington Township, PA?

Average Sale Time

Jun 2023Jun 2024CHANGE
33 Days43 Days+31.6%

Summary: Homes in Washington Township had an average of 43 days on market in Jun 2024, up by 31.6% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 40 homes were sold in Washington Township; 60% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 13% 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 24 Days Ago

Newest Listings in Washington Township, PA

Nearby Markets to Washington Township, PA

What housing markets are near Washington Township, PA?