Is Wharton Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Wharton Township was a Seller's Market.
Key Takeaway
Wharton Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Wharton Township, PA
How much do homes in Wharton Township, PA cost?
Median Sold Price
$290,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Wharton Township have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Wharton Township was $290,000 in May 2024, up 2.8% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | $160K | +39.1% |
| 2 Bedrooms | $335K | $288.6K | -13.8% |
| 3 Bedrooms | $327.5K | $257.5K | -21.4% |
| 4 Bedrooms | $668.7K | $359K | -46.3% |
| 5+ Bedrooms | $254K | $475K | +87.0% |
Summary: Wharton Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.1%, 2 bedroom homes decreased by 13.8%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes decreased by 46.3%, and 5+ bedroom homes increased by 87%.
Median Sold Price Compared To Nearby Cities
| Wharton Township | $282K | $290K | +2.8% |
| Hopwood | $215K | $190K | -11.6% |
| Farmington | $335K | $290K | -13.4% |
Housing Supply in Wharton Township, PA
How many homes are available in Wharton Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Summary: The Wharton Township real estate market had 12 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Wharton Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wharton Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Wharton Township in May 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Wharton Township, PA
How long does it take to sell a home in Wharton Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 102 Days | 129 Days | +26.5% |
Summary: Homes in Wharton Township had an average of 129 days on market in May 2024, up by 26.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Wharton Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Wharton Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
