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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Washington Township is a neutral's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Washington 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 Washington Township, PA

How much do homes in Washington Township, PA cost?

Median Sold Price

$234,966

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$19,966(+9.3%)

Key Takeaway

Homes in Washington Township have sold for 9.3% more than they did a year ago.

Summary: The median home sold price in Washington Township was $234,966 in November 2024, up 9.3% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $63K$75K
+19.0%
2 $148K$138.4K
-6.5%
3 $220.1K$235K
+6.8%
4 $290K$362K
+24.8%
5+ $360K$415K
+15.3%

Summary: Washington Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 24.8%, and 5+ bedroom homes increased by 15.3%.

Housing Supply in Washington Township, PA

How many homes are available in Washington Township, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
181191+5.5%

Summary: The Washington Township real estate market had 191 homes for sale in November 2024, a 5.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 4751
+8.5%
3 8389
+7.2%
4 3736
-2.7%
5+ 1414
0.0%

Summary: The Washington Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 7.2%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3428-17.6%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Washington Township, you may be able to get a good deal. 46.4% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in Washington Township in November 2024, down by 17.6% month-over-month. Of the 28 sold homes, 46% were sold under asking, 39% were sold at asking, and 14% 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

Nov 2023Nov 2024CHANGE
38 Days52 Days+37.6%

Summary: Homes in Washington Township had an average of 52 days on market in Nov 2024, up by 37.6% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Washington Township has remained consistent over time.

Summary: During November 2024, 28 homes were sold in Washington Township; 36% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 7% 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 2 Days Ago

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