Is Lancaster County, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lancaster County has remained a Seller's Market.
Housing Prices in Lancaster County, PA
How much do homes in Lancaster County, PA cost?
Median Sold Price
$325,396
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lancaster County was $325,396 in April 2024, up 8.5% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $175K | -2.8% |
2 Bedrooms | $230K | $249K | +8.3% |
3 Bedrooms | $280.3K | $303K | +8.1% |
4 Bedrooms | $381.4K | $407.6K | +6.9% |
5+ Bedrooms | $410K | $437.2K | +6.7% |
Summary: Lancaster County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.8%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Counties
Berks County | $240.1K | $265K | +10.4% |
Lancaster County | $299.9K | $325.3K | +8.5% |
Lebanon County | $245.6K | $264.9K | +7.9% |
Chester County | $469.9K | $503K | +7.0% |
York County | $248.7K | $264.9K | +6.5% |
Housing Supply in Lancaster County, PA
How many homes are available in Lancaster County, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
978 | 984 | +0.6% |
Summary: The Lancaster County real estate market had 984 homes for sale in April 2024, a 0.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 9 | 0.0% |
2 Bedrooms | 102 | 106 | +3.9% |
3 Bedrooms | 483 | 489 | +1.2% |
4 Bedrooms | 319 | 317 | -0.6% |
5+ Bedrooms | 65 | 63 | -3.1% |
Summary: The Lancaster County 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 3.9%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 3.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
338 | 246 | -27.2% |
Asking Price vs. Sold Price
55 Homes Were Sold
Under Asking
75 Homes Were Sold
At Asking
116 Homes Were Sold
Over Asking
Summary: A total of 246 homes were sold or pending in Lancaster County in April 2024, down by 27.2% month-over-month. Of the 246 sold homes, 22% were sold under asking, 30% were sold at asking, and 47% were sold over asking.
Days on Market for Lancaster County, PA
How long does it take to sell a home in Lancaster County, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
20 Days | 19 Days | -6.7% |
Summary: Homes in Lancaster County had an average of 19 days on market in Apr 2024, down by 6.7% compared to last year.
Breakdown of Home Sale Times
202 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 246 homes were sold in Lancaster County; 82% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.