Is Lancaster County, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lancaster County is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Lancaster County has remained a Seller's Market.

Key Takeaway

Lancaster County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Lancaster County, PA cost?

Median Sold Price

$281,899

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$31,857(+12.7%)

Key Takeaway

Homes in Lancaster County have sold for 12.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $130K$159.4K
+22.7%
2 $185K$215.7K
+16.6%
3 $233.2K$266.3K
+14.2%
4 $320.9K$360K
+12.2%
5+ $388.2K$431.6K
+11.2%

Median Sold Price Compared To Nearby Counties

Lancaster County
+12.7%
Lebanon County
+12.1%
York County
+9.2%
Chester County
+9.0%
Harford County
+7.7%

How many homes are available in Lancaster County, PA?

Number of Homes For Sale

Aug 2022Sep 2022%
1,5271,338-12.4%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 129
-25.0%
2 181151
-16.6%
3 691617
-10.7%
4 509429
-15.7%
5+ 134132
-1.5%

Number of Homes Sold

Aug 2022Sep 2022%
521431-17.3%

Asking Price vs. Sold Price

124 Homes Were Sold
Under Asking

125 Homes Were Sold
At Asking

182 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lancaster County, you could pay more than the asking price. 42.2% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
13 Days17 Days+27.3%

Breakdown of Home Sale Times

365 Homes Were Sold
Under 30 Days

55 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lancaster County are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Lancaster County, PA

Lancaster County, PA has 1,338 homes on the market. The number of homes for sale in Lancaster County, PA decreased by 12.4% between August 2022 and September 2022. In September 2022 median list price was $281,899 and the average listing age was 17 days. Listing prices have changed in this real estate market between August 2022 and September 2022: the cost of 1 bedroom properties went up by 22.7%, 2 bedrooms properties became 16.6% more expensive, 3 bedrooms properties prices increased by 14.2%, 4 bedrooms properties became 12.2% more expensive, prices of 5 bedrooms properties went up by 11.2%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory decreased by 25%, volume of 2 bedrooms homes went down by 16.6%, 3 bedrooms homes became 10.7% less available, 4 bedrooms homes inventory decreased by 15.7%, volume of 5 bedrooms homes went down by 1.5%. In September 2022, from all listings sold in Lancaster County, PA there were more than 182 sold above asking price, over 124 sold below and more than 125 were sold right at the asked price.

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