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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Worcester Township is a buyer's market

Buyer's
Market

Difference Since January 2023

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

Key Takeaway

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

Housing Prices in Worcester Township, PA

How much do homes in Worcester Township, PA cost?

Median Sold Price

$600,000

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$10,000(+1.7%)

Key Takeaway

Homes in Worcester Township have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in Worcester Township was $600,000 in January 2024, up 1.7% from last year, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 --
N/A
2 --
N/A
3 $450K$465K
+3.3%
4 $732.4K$800K
+9.2%
5+ $1.0M$1.1M
+11.7%

Summary: Worcester Township housing prices by bedroom type for January 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 3.3%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 11.7%.

Median Sold Price Compared To Nearby Cities

Upper Gwynedd Township
+15.7%
Whitpain Township
+5.5%
Worcester Township
+1.7%
East Norriton Township
+1.4%
Towamencin Township
-19.2%

Housing Supply in Worcester Township, PA

How many homes are available in Worcester Township, PA?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
5249-5.8%

Summary: The Worcester Township real estate market had 49 homes for sale in January 2024, a 5.8% decrease compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 00
0.0%
2 11
0.0%
3 2929
0.0%
4 1511
-26.7%
5+ 78
+14.3%

Summary: The Worcester Township housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 6 homes were sold or pending in Worcester Township in January 2024, down by 14.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% 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

Jan 2023Jan 2024CHANGE
6 Days32 Days+447.2%

Summary: Homes in Worcester Township had an average of 32 days on market in Jan 2024, up by 447.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During January 2024, 6 homes were sold in Worcester Township; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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 26 Days Ago

Newest Listings in Worcester Township, PA

Nearby Markets to Worcester Township, PA

What housing markets are near Worcester Township, PA?