Is Warminster, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Warminster has remained a Seller's Market.
Key Takeaway
Warminster is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Warminster, PA
How much do homes in Warminster, PA cost?
Median Sold Price
$449,747
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Warminster have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Warminster was $449,747 in April 2024, up 6.2% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $210K | +20.0% |
| 2 Bedrooms | $280K | $355K | +26.8% |
| 3 Bedrooms | $412K | $430K | +4.4% |
| 4 Bedrooms | $480K | $510K | +6.3% |
| 5+ Bedrooms | $906.5K | $768.8K | -15.2% |
Summary: Warminster housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 26.8%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 15.2%.
Median Sold Price Compared To Nearby Cities
| Warminster Township | $420K | $449.5K | +7.0% |
| Warminster | $423.5K | $449.7K | +6.2% |
| Jamison | $625K | $637.5K | +2.0% |
| Warwick Township | $570K | $530K | -7.0% |
Housing Supply in Warminster, PA
How many homes are available in Warminster, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 80 | 97 | +21.3% |
Summary: The Warminster real estate market had 97 homes for sale in April 2024, a 21.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 8 | +100.0% |
| 2 Bedrooms | 16 | 15 | -6.3% |
| 3 Bedrooms | 26 | 28 | +7.7% |
| 4 Bedrooms | 25 | 33 | +32.0% |
| 5+ Bedrooms | 9 | 13 | +44.4% |
Summary: The Warminster housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 32%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 26 | +18.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Warminster, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in Warminster in April 2024, up by 18.2% month-over-month. Of the 26 sold homes, 27% were sold under asking, 19% were sold at asking, and 54% were sold over asking.
Days on Market for Warminster, PA
How long does it take to sell a home in Warminster, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 22 Days | 11 Days | -48.0% |
Summary: Homes in Warminster had an average of 11 days on market in Apr 2024, down by 48% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Warminster are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 26 homes were sold in Warminster; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
