Is Warminster 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, Warminster Township has remained a Seller's Market.
Key Takeaway
Warminster Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Warminster Township, PA
How much do homes in Warminster Township, PA cost?
Median Sold Price
$449,871
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Warminster Township have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Warminster Township was $449,871 in May 2024, up 7.1% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $170K | +6.3% |
| 2 Bedrooms | $259.9K | $295K | +13.5% |
| 3 Bedrooms | $405K | $430K | +6.2% |
| 4 Bedrooms | $482.5K | $510K | +5.7% |
| 5+ Bedrooms | $525.7K | $700K | +33.1% |
Summary: Warminster Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 33.1%.
Median Sold Price Compared To Nearby Cities
| Warminster Township | $420K | $449.8K | +7.1% |
| Warminster | $420K | $449.9K | +7.1% |
| Upper Southampton Township | $422.5K | $440K | +4.1% |
| Warwick Township | $575K | $535K | -7.0% |
Housing Supply in Warminster Township, PA
How many homes are available in Warminster Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 87 | 98 | +12.6% |
Summary: The Warminster Township real estate market had 98 homes for sale in May 2024, a 12.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 12 | 17 | +41.7% |
| 3 Bedrooms | 28 | 28 | 0.0% |
| 4 Bedrooms | 30 | 36 | +20.0% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Warminster 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 increased by 41.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 19 | -13.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Warminster Township, you could pay more than the asking price. 52.6% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Warminster Township in May 2024, down by 13.6% month-over-month. Of the 19 sold homes, 37% were sold under asking, 11% were sold at asking, and 53% were sold over asking.
Days on Market for Warminster Township, PA
How long does it take to sell a home in Warminster Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 11 Days | 9 Days | -17.1% |
Summary: Homes in Warminster Township had an average of 9 days on market in May 2024, down by 17.1% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Warminster Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 19 homes were sold in Warminster Township; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
