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
$246,575
$147/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 $246,575 in May 2024, up 7.2% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $37.5K | $90K | +140.0% |
2 Bedrooms | $162.7K | $152.5K | -6.3% |
3 Bedrooms | $234.9K | $241.6K | +2.8% |
4 Bedrooms | $315K | $334.9K | +6.3% |
5+ Bedrooms | $347K | $385K | +11.0% |
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 6.3%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 11%.
Median Sold Price Compared To Nearby Cities
Waynesboro | $229.9K | $255K | +10.9% |
Washington Township | $230K | $246.5K | +7.2% |
Cascade | $211.2K | $215K | +1.8% |
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 |
---|---|---|
186 | 205 | +10.2% |
Summary: The Washington Township real estate market had 205 homes for sale in May 2024, a 10.2% 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 | 34 | 41 | +20.6% |
3 Bedrooms | 104 | 114 | +9.6% |
4 Bedrooms | 33 | 34 | +3.0% |
5+ Bedrooms | 13 | 13 | 0.0% |
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 20.6%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
52 | 46 | -11.5% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in Washington Township in May 2024, down by 11.5% month-over-month. Of the 46 sold homes, 39% were sold under asking, 26% were sold at asking, and 35% 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 | -17.7% |
Summary: Homes in Washington Township had an average of 31 days on market in May 2024, down by 17.7% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 46 homes were sold in Washington Township; 65% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.