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

$238,605

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$23,605(+11.0%)

Key Takeaway

Homes in Washington Township have sold for 11% more than they did a year ago.

Summary: The median home sold price in Washington Township was $238,605 in November 2024, up 11% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $68.2K$62.5K
-8.4%
2 $146.5K$138.4K
-5.5%
3 $225K$240K
+6.7%
4 $295K$362K
+22.7%
5+ $360K$467K
+29.7%

Summary: Washington Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.4%, 2 bedroom homes decreased by 5.5%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes increased by 29.7%.

Median Sold Price Compared To Nearby Cities

Washington Township
+11.0%
Wayne Township
+3.8%

Housing Supply in Washington Township, PA

How many homes are available in Washington Township, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
185196+5.9%

Summary: The Washington Township real estate market had 196 homes for sale in November 2024, a 5.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 4651
+10.9%
3 8592
+8.2%
4 3736
-2.7%
5+ 1616
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 remained the same, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3430-11.8%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

5 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. 46.7% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in Washington Township in November 2024, down by 11.8% month-over-month. Of the 30 sold homes, 47% were sold under asking, 37% were sold at asking, and 17% 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
36 Days49 Days+35.8%

Summary: Homes in Washington Township had an average of 49 days on market in Nov 2024, up by 35.8% compared to last year.

Breakdown of Home Sale Times

12 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, 30 homes were sold in Washington Township; 40% of homes were sold within 30 days, 53% 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 23 Days Ago

Newest Listings in Washington Township, PA

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