Is Washington Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Washington Township was a Seller's Market.
Housing Prices in Washington Township, PA
How much do homes in Washington Township, PA cost?
Median Sold Price
$216,500
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Washington Township was $216,500 in February 2024, down 1.6% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $21K | $90K | +328.6% |
2 Bedrooms | $152.4K | $148.5K | -2.6% |
3 Bedrooms | $268.5K | $225K | -16.2% |
4 Bedrooms | $335K | $297.5K | -11.2% |
5+ Bedrooms | $494.2K | $330K | -33.2% |
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 328.6%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes decreased by 16.2%, 4 bedroom homes decreased by 11.2%, and 5+ bedroom homes decreased by 33.2%.
Median Sold Price Compared To Nearby Cities
Wayne Township | $650K | $757.8K | +16.6% |
Washington Township | $220K | $216.5K | -1.6% |
Housing Supply in Washington Township, PA
How many homes are available in Washington Township, PA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
123 | 129 | +4.9% |
Summary: The Washington Township real estate market had 129 homes for sale in February 2024, a 4.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 30 | 32 | +6.7% |
3 Bedrooms | 70 | 71 | +1.4% |
4 Bedrooms | 14 | 16 | +14.3% |
5+ Bedrooms | 9 | 9 | 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 6.7%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
30 | 20 | -33.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Washington Township in February 2024, down by 33.3% month-over-month. Of the 20 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% 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 2023 | Feb 2024 | CHANGE |
---|---|---|
72 Days | 48 Days | -32.6% |
Summary: Homes in Washington Township had an average of 48 days on market in Feb 2024, down by 32.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 20 homes were sold in Washington Township; 40% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.