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
$232,633
$148/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 $232,633 in May 2024, up 1.2% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65.2K | $90K | +37.9% |
2 Bedrooms | $156.5K | $151K | -3.5% |
3 Bedrooms | $230.4K | $232.5K | +0.9% |
4 Bedrooms | $322.5K | $366.1K | +13.5% |
5+ Bedrooms | $290K | $392.5K | +35.3% |
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 37.9%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 35.3%.
Median Sold Price Compared To Nearby Cities
Walnutport | $290K | $325K | +12.1% |
Lehigh Township | $321.2K | $348K | +8.3% |
Slatington | $255.7K | $269K | +5.2% |
Washington Township | $229.9K | $232.6K | +1.2% |
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 |
---|---|---|
160 | 169 | +5.6% |
Summary: The Washington Township real estate market had 169 homes for sale in May 2024, a 5.6% 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 | 30 | 36 | +20.0% |
3 Bedrooms | 88 | 93 | +5.7% |
4 Bedrooms | 26 | 24 | -7.7% |
5+ Bedrooms | 14 | 13 | -7.1% |
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 20%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
46 | 34 | -26.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Washington Township in May 2024, down by 26.1% month-over-month. Of the 34 sold homes, 41% were sold under asking, 18% were sold at asking, and 41% 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 |
---|---|---|
36 Days | 31 Days | -13.4% |
Summary: Homes in Washington Township had an average of 31 days on market in May 2024, down by 13.4% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 34 homes were sold in Washington Township; 62% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.