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 October 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

$229,500

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$14,500(+6.7%)

Key Takeaway

Homes in Washington Township have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in Washington Township was $229,500 in October 2024, up 6.7% from last year, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $63K$75K
+19.0%
2 $153.5K$136K
-11.4%
3 $223.5K$235K
+5.1%
4 $300K$342.4K
+14.1%
5+ $365K$400K
+9.6%

Summary: Washington Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes decreased by 11.4%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes increased by 9.6%.

Median Sold Price Compared To Nearby Cities

Washington Township
+6.7%
Penn Township
-9.0%

Housing Supply in Washington Township, PA

How many homes are available in Washington Township, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1861860.0%

Summary: The Washington Township real estate market had 186 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 3946
+17.9%
3 9788
-9.3%
4 3438
+11.8%
5+ 1514
-6.7%

Summary: The Washington Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 17.9%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 6.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4430-31.8%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

9 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. 63.3% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in Washington Township in October 2024, down by 31.8% month-over-month. Of the 30 sold homes, 63% were sold under asking, 7% were sold at asking, and 30% 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

Oct 2023Oct 2024CHANGE
31 Days48 Days+50.6%

Summary: Homes in Washington Township had an average of 48 days on market in Oct 2024, up by 50.6% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 30 homes were sold in Washington Township; 53% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 20% 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 20 Days Ago

Newest Listings in Washington Township, PA

Nearby Markets to Washington Township, PA

What housing markets are near Washington Township, PA?