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
$215,000
$141/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 $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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $30K | $90K | +200.0% |
2 Bedrooms | $163.7K | $150.5K | -8.1% |
3 Bedrooms | $220K | $225K | +2.2% |
4 Bedrooms | $320.5K | $300K | -6.4% |
5+ Bedrooms | $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 | $355K | $357.5K | +0.7% |
Washington Township | $220K | $215K | -2.3% |
Apollo | $168.5K | $159K | -5.6% |
Upper Burrell Township | $267K | $206.5K | -22.7% |
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 |
---|---|---|
132 | 140 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 31 | 32 | +3.2% |
3 Bedrooms | 77 | 80 | +3.9% |
4 Bedrooms | 16 | 20 | +25.0% |
5+ Bedrooms | 7 | 7 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
32 | 20 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
71 Days | 50 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
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.