Is Worcester Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Worcester Township was a Seller's Market.
Key Takeaway
Worcester Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Worcester Township, PA
How much do homes in Worcester Township, PA cost?
Median Sold Price
$595,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Worcester Township have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Worcester Township was $595,000 in May 2024, up 2.6% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $305K | N/A |
| 3 Bedrooms | $430K | $469.5K | +9.2% |
| 4 Bedrooms | $758K | $725K | -4.4% |
| 5+ Bedrooms | $1.0M | $1.2M | +16.0% |
Summary: Worcester Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 9.2%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes increased by 16%.
Median Sold Price Compared To Nearby Cities
| Upper Gwynedd Township | $442.5K | $515.4K | +16.5% |
| Whitpain Township | $590K | $655K | +11.0% |
| Worcester Township | $580K | $595K | +2.6% |
| East Norriton Township | $355K | $355K | 0.0% |
| Towamencin Township | $455K | $425K | -6.6% |
Housing Supply in Worcester Township, PA
How many homes are available in Worcester Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 40 | 44 | +10.0% |
Summary: The Worcester Township real estate market had 44 homes for sale in May 2024, a 10.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 16 | 19 | +18.8% |
| 5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The Worcester 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 increased by 100%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 5 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Worcester Township, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Worcester Township in May 2024, down by 50.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Worcester Township, PA
How long does it take to sell a home in Worcester Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 7 Days | 18 Days | +148.2% |
Summary: Homes in Worcester Township had an average of 18 days on market in May 2024, up by 148.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Worcester Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Worcester Township; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
