Is East Lampeter Township, 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, East Lampeter Township was a Seller's Market.
Housing Prices in East Lampeter Township, PA
How much do homes in East Lampeter Township, PA cost?
Median Sold Price
$357,500
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in East Lampeter Township was $357,500 in April 2024, up 9.2% 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 | - | - | N/A |
2 Bedrooms | $230K | $245K | +6.5% |
3 Bedrooms | $293.2K | $336K | +14.6% |
4 Bedrooms | $460K | $433.7K | -5.7% |
5+ Bedrooms | $562.5K | $770K | +36.9% |
Summary: East Lampeter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 14.6%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes increased by 36.9%.
Median Sold Price Compared To Nearby Cities
Lancaster | $266.2K | $310K | +16.4% |
East Lampeter Township | $327.4K | $357.5K | +9.2% |
Housing Supply in East Lampeter Township, PA
How many homes are available in East Lampeter Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 38 | +8.6% |
Summary: The East Lampeter Township real estate market had 38 homes for sale in April 2024, a 8.6% 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 | 2 | 4 | +100.0% |
3 Bedrooms | 14 | 13 | -7.1% |
4 Bedrooms | 14 | 16 | +14.3% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The East Lampeter Township 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 decreased by 7.1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 6 | -14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in East Lampeter Township in April 2024, down by 14.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for East Lampeter Township, PA
How long does it take to sell a home in East Lampeter Township, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 22 Days | -9.9% |
Summary: Homes in East Lampeter Township had an average of 22 days on market in Apr 2024, down by 9.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in East Lampeter Township; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.