Is Washington Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Washington Township has remained a Seller's Market.
Housing Prices in Washington Township, PA
How much do homes in Washington Township, PA cost?
Median Sold Price
$215,333
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Washington Township was $215,333 in May 2024, up 0.7% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $47.2K | $90K | +90.5% |
2 Bedrooms | $149.9K | $144.5K | -3.6% |
3 Bedrooms | $220K | $222K | +0.9% |
4 Bedrooms | $292K | $308.5K | +5.7% |
5+ Bedrooms | $346K | $360K | +4.0% |
Summary: Washington Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 90.5%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 4%.
Median Sold Price Compared To Nearby Cities
North Belle Vernon | $119.9K | $150K | +25.1% |
Belle Vernon | $125K | $135K | +8.0% |
Washington Township | $213.7K | $215.3K | +0.7% |
Housing Supply in Washington Township, PA
How many homes are available in Washington Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
154 | 168 | +9.1% |
Summary: The Washington Township real estate market had 168 homes for sale in May 2024, a 9.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 33 | 41 | +24.2% |
3 Bedrooms | 84 | 89 | +6.0% |
4 Bedrooms | 23 | 24 | +4.3% |
5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Washington Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 24.2%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
45 | 36 | -20.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Washington Township in May 2024, down by 20.0% month-over-month. Of the 36 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
40 Days | 41 Days | +1.1% |
Summary: Homes in Washington Township had an average of 41 days on market in May 2024, up by 1.1% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 36 homes were sold in Washington Township; 56% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.