Is Washington 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, Washington Township has remained a Seller's Market.
Housing Prices in Washington Township, PA
How much do homes in Washington Township, PA cost?
Median Sold Price
$230,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Washington Township was $230,000 in May 2024, up 0.4% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $37.5K | $90K | +140.0% |
2 Bedrooms | $155K | $149K | -3.9% |
3 Bedrooms | $232.5K | $230.6K | -0.8% |
4 Bedrooms | $325K | $369K | +13.5% |
5+ Bedrooms | $383.7K | $385K | 0.3% |
Summary: Washington Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 140%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 0.3%.
Median Sold Price Compared To Nearby Cities
Upper Mount Bethel Township | $347.4K | $355K | +2.2% |
Washington Township | $229K | $230K | 0.4% |
Bangor | $277.5K | $275K | -0.9% |
Housing Supply in Washington Township, PA
How many homes are available in Washington Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
154 | 169 | +9.7% |
Summary: The Washington Township real estate market had 169 homes for sale in May 2024, a 9.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 30 | 37 | +23.3% |
3 Bedrooms | 84 | 92 | +9.5% |
4 Bedrooms | 26 | 27 | +3.8% |
5+ Bedrooms | 12 | 10 | -16.7% |
Summary: The Washington Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 23.3%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
45 | 33 | -26.7% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Washington Township in May 2024, down by 26.7% month-over-month. Of the 33 sold homes, 42% were sold under asking, 18% were sold at asking, and 39% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
38 Days | 31 Days | -18.5% |
Summary: Homes in Washington Township had an average of 31 days on market in May 2024, down by 18.5% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 33 homes were sold in Washington Township; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.