Is Worcester Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Worcester Township was a Neutral Market.
Key Takeaway
Worcester Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Worcester Township, PA
How much do homes in Worcester Township, PA cost?
Median Sold Price
$615,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Worcester Township have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Worcester Township was $615,000 in June 2024, up 3.7% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $307.5K | N/A |
| 3 Bedrooms | $427.4K | $482K | +12.7% |
| 4 Bedrooms | $776.5K | $770K | -0.8% |
| 5+ Bedrooms | $1.0M | $1.2M | +12.1% |
Summary: Worcester Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 12.7%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 12.1%.
Median Sold Price Compared To Nearby Cities
| Whitpain Township | $590K | $675K | +14.4% |
| Upper Gwynedd Township | $465K | $515.4K | +10.8% |
| Worcester Township | $593K | $615K | +3.7% |
| East Norriton Township | $350K | $360K | +2.9% |
| Towamencin Township | $458K | $425K | -7.2% |
Housing Supply in Worcester Township, PA
How many homes are available in Worcester Township, PA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 43 | 43 | 0.0% |
Summary: The Worcester Township real estate market had 43 homes for sale in June 2024, the same as May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 22 | 19 | -13.6% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Worcester Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Worcester Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Worcester Township in June 2024, up by 33.3% month-over-month. Of the 12 sold homes, 42% were sold under asking, 8% were sold at asking, and 50% were sold over asking.
Days on Market for Worcester Township, PA
How long does it take to sell a home in Worcester Township, PA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 27 Days | 7 Days | -73.8% |
Summary: Homes in Worcester Township had an average of 7 days on market in Jun 2024, down by 73.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Worcester Township are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 12 homes were sold in Worcester 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.
