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
$497,500
$277/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 $497,500 in May 2024, up 5.3% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $295K | $300K | +1.7% |
2 Bedrooms | $365K | $411.2K | +12.7% |
3 Bedrooms | $422.5K | $540K | +27.8% |
4 Bedrooms | $665K | $800K | +20.3% |
5+ Bedrooms | $827.5K | $894.2K | +8.1% |
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 1.7%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 27.8%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes increased by 8.1%.
Median Sold Price Compared To Nearby Cities
North Coventry Township | $385K | $436K | +13.2% |
Warwick Township | $472.5K | $497.5K | +5.3% |
Glenmoore | $592.5K | $604K | +1.9% |
South Coventry Township | $480K | $484.9K | +1.0% |
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 |
---|---|---|
16 | 13 | -18.8% |
Summary: The Warwick Township real estate market had 13 homes for sale in May 2024, a 18.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 4 | 2 | -50.0% |
3 Bedrooms | 4 | 6 | +50.0% |
4 Bedrooms | 4 | 2 | -50.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
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 50%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 3 | -57.1% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Warwick Township in May 2024, down by 57.1% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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 |
---|---|---|
13 Days | 16 Days | +20.1% |
Summary: Homes in Warwick Township had an average of 16 days on market in May 2024, up by 20.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Warwick Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.