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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Willistown Township is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, Willistown Township has remained a Buyer's Market.

Key Takeaway

Willistown Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Willistown Township, PA

How much do homes in Willistown Township, PA cost?

Median Sold Price

$615,000

$288/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$85,000(+16.0%)

Key Takeaway

Homes in Willistown Township have sold for 16% more than they did a year ago.

Summary: The median home sold price in Willistown Township was $615,000 in February 2024, up 16% from last year, and the median price per square foot was $288.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$313.7K
N/A
2 $352.5K$380K
+7.8%
3 $452.2K$530K
+17.2%
4 $610K$850K
+39.3%
5+ $1.4M$1.7M
+20.6%

Summary: Willistown Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 39.3%, and 5+ bedroom homes increased by 20.6%.

Median Sold Price Compared To Nearby Cities

Willistown Township
+16.0%
Paoli
+12.8%
Newtown Square
+9.8%
Berwyn
+2.5%
Malvern
-2.3%

Housing Supply in Willistown Township, PA

How many homes are available in Willistown Township, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
5852-10.3%

Summary: The Willistown Township real estate market had 52 homes for sale in February 2024, a 10.3% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 1515
0.0%
4 1612
-25.0%
5+ 2623
-11.5%

Summary: The Willistown 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 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 11.5%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
102-80.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 2 homes were sold or pending in Willistown Township in February 2024, down by 80.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Willistown Township, PA

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

Average Sale Time

Feb 2023Feb 2024CHANGE
7 Days2 Days-65.9%

Summary: Homes in Willistown Township had an average of 2 days on market in Feb 2024, down by 65.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 2 homes were sold in Willistown Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 Willistown Township, PA

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