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

$141/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$5,000(-2.3%)

Key Takeaway

Homes in Washington Township have sold for 2.3% less than they did a year ago.

Summary: The median home sold price in Washington Township was $215,000 in February 2024, down 2.3% from last year, and the median price per square foot was $141.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $30K$90K
+200.0%
2 $163.7K$150.5K
-8.1%
3 $220K$225K
+2.2%
4 $320.5K$300K
-6.4%
5+ $649.3K$335.5K
-48.3%

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 200%, 2 bedroom homes decreased by 8.1%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes decreased by 48.3%.

Median Sold Price Compared To Nearby Cities

Murrysville
+0.7%
Washington Township
-2.3%
Apollo
-5.6%
Upper Burrell Township
-22.7%

Housing Supply in Washington Township, PA

How many homes are available in Washington Township, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
132140+6.1%

Summary: The Washington Township real estate market had 140 homes for sale in February 2024, a 6.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 3132
+3.2%
3 7780
+3.9%
4 1620
+25.0%
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 remained the same, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
3220-37.5%

Asking Price vs. Sold Price

11 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. 55% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Washington Township in February 2024, down by 37.5% month-over-month. Of the 20 sold homes, 55% were sold under asking, 30% were sold at asking, and 15% 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
71 Days50 Days-29.1%

Summary: Homes in Washington Township had an average of 50 days on market in Feb 2024, down by 29.1% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

11 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, 20 homes were sold in Washington Township; 35% of homes were sold within 30 days, 55% 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 28 Days Ago

Newest Listings in Washington Township, PA

Nearby Markets to Washington Township, PA

What housing markets are near Washington Township, PA?