Is Warwick 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, Warwick Township has remained a Seller's Market.
Housing Prices in Warwick Township, PA
How much do homes in Warwick Township, PA cost?
Median Sold Price
$445,000
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Warwick Township was $445,000 in May 2024, up 16.3% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $285K | $300K | +5.3% |
2 Bedrooms | $385K | $411.2K | +6.8% |
3 Bedrooms | $320K | $380K | +18.8% |
4 Bedrooms | $439.9K | $482.5K | +9.7% |
5+ Bedrooms | $495K | $638.5K | +29.0% |
Summary: Warwick Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 29%.
Median Sold Price Compared To Nearby Cities
Elizabeth Township | $180K | $245K | +36.1% |
Clay Township | $335K | $425K | +26.9% |
Warwick Township | $382.5K | $445K | +16.3% |
Lititz | $385K | $429.9K | +11.7% |
West Earl Township | $334K | $348.8K | +4.5% |
Housing Supply in Warwick Township, PA
How many homes are available in Warwick Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
45 | 46 | +2.2% |
Summary: The Warwick Township real estate market had 46 homes for sale in May 2024, a 2.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 11 | 7 | -36.4% |
3 Bedrooms | 15 | 20 | +33.3% |
4 Bedrooms | 15 | 15 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Warwick Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 36.4%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 10 | -23.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Warwick Township in May 2024, down by 23.1% month-over-month. Of the 10 sold homes, 10% were sold under asking, 20% were sold at asking, and 70% were sold over asking.
Days on Market for Warwick Township, PA
How long does it take to sell a home in Warwick Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
10 Days | 54 Days | +419.7% |
Summary: Homes in Warwick Township had an average of 54 days on market in May 2024, up by 419.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Warwick Township; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.