Is Lykens, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Lykens was a Neutral Market.
Key Takeaway
Lykens is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lykens, PA
How much do homes in Lykens, PA cost?
Median Sold Price
$135,950
$72/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lykens have sold for 78.9% more than they did a year ago.
Summary: The median home sold price in Lykens was $135,950 in April 2024, up 78.9% from last year, and the median price per square foot was $72.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $125K | +66.7% |
| 2 Bedrooms | $76K | $155K | +103.9% |
| 3 Bedrooms | $84.9K | $135.9K | +60.0% |
| 4 Bedrooms | $130K | $115K | -11.5% |
| 5+ Bedrooms | - | $169K | N/A |
Summary: Lykens housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 103.9%, 3 bedroom homes increased by 60%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes did not change.
Housing Supply in Lykens, PA
How many homes are available in Lykens, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 15 | +36.4% |
Summary: The Lykens real estate market had 15 homes for sale in April 2024, a 36.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 5 | 8 | +60.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lykens housing inventory by bedroom type for April 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 60%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lykens, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Lykens in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Lykens, PA
How long does it take to sell a home in Lykens, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 9 Days | 24 Days | +172.2% |
Summary: Homes in Lykens had an average of 24 days on market in Apr 2024, up by 172.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lykens are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Lykens; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
