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 neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Washington Township was a Seller's Market.

Key Takeaway

Washington 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 Washington Township, PA

How much do homes in Washington Township, PA cost?

Median Sold Price

$215,000

$140/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since February 2023.

Key Takeaway

The sold price of homes in Washington Township has remained the same since last year.

Summary: The median home sold price in Washington Township was $215,000 in February 2024, the same as last year, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $21K$81.7K
+289.3%
2 $152.4K$149K
-2.3%
3 $232.5K$225K
-3.2%
4 $335K$290K
-13.4%
5+ $770K$326K
-57.7%

Summary: Washington Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 289.3%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 13.4%, and 5+ bedroom homes decreased by 57.7%.

Median Sold Price Compared To Nearby Cities

Springfield Township
+6.1%
Washington Township
0.0%

Housing Supply in Washington Township, PA

How many homes are available in Washington Township, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
118125+5.9%

Summary: The Washington Township real estate market had 125 homes for sale in February 2024, a 5.9% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 01
+100.0%
2 3031
+3.3%
3 6970
+1.4%
4 1216
+33.3%
5+ 77
0.0%

Summary: The Washington Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2819-32.1%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 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. 52.6% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Washington Township in February 2024, down by 32.1% month-over-month. Of the 19 sold homes, 53% were sold under asking, 32% were sold at asking, and 16% 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

Feb 2023Feb 2024CHANGE
73 Days51 Days-29.9%

Summary: Homes in Washington Township had an average of 51 days on market in Feb 2024, down by 29.9% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Washington Township has remained consistent over time.

Summary: During February 2024, 19 homes were sold in Washington Township; 37% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 11% 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 27 Days Ago

Newest Listings in Washington Township, PA

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