Is Worcester Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Worcester Township is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Worcester Township was a Seller's Market.

Key Takeaway

Worcester Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Worcester Township, PA

How much do homes in Worcester Township, PA cost?

Median Sold Price

$617,500

$218/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$10,000(+1.6%)

Key Takeaway

Homes in Worcester Township have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in Worcester Township was $617,500 in September 2024, up 1.6% from last year, and the median price per square foot was $218.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 -$307.5K
N/A
3 $449.9K$470K
+4.5%
4 $787.5K$725K
-7.9%
5+ $1.0M$1.0M
-2.3%

Summary: Worcester Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes decreased by 2.3%.

Median Sold Price Compared To Nearby Cities

Whitpain Township
+12.8%
Upper Gwynedd Township
+5.9%
East Norriton Township
+4.9%
Worcester Township
+1.6%
Towamencin Township
-7.2%

Housing Supply in Worcester Township, PA

How many homes are available in Worcester Township, PA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3734-8.1%

Summary: The Worcester Township real estate market had 34 homes for sale in September 2024, a 8.1% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 00
0.0%
3 96
-33.3%
4 1514
-6.7%
5+ 1314
+7.7%

Summary: The Worcester Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 7.7%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
92-77.8%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Worcester Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Worcester Township in September 2024, down by 77.8% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Worcester Township, PA

How long does it take to sell a home in Worcester Township, PA?

Average Sale Time

Sep 2023Sep 2024CHANGE
14 Days170 Days+1097.2%

Summary: Homes in Worcester Township had an average of 170 days on market in Sep 2024, up by 1097.2% 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Worcester Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 2 homes were sold in Worcester 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Worcester Township, PA

Nearby Markets to Worcester Township, PA

What housing markets are near Worcester Township, PA?