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

Housing Market Conditions



Gauge showing Lancaster Township is a seller's market


Difference Since November 2022

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

Key Takeaway

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

Housing Prices in Lancaster Township, PA

How much do homes in Lancaster Township, PA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since November 2022


Key Takeaway

Homes in Lancaster Township have sold for 11.5% more than they did a year ago.

Summary: The median home sold price in Lancaster Township was $299,982 in November 2023, up 11.5% from last year, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 -$187.5K
2 $235K$235K
3 $255K$285.8K
4 $345.7K$385K
5+ $322K$370K

Summary: Lancaster Township housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 14.9%.

Median Sold Price Compared To Nearby Cities

Lancaster Township
West Lampeter Township
Manheim Township

Housing Supply in Lancaster Township, PA

How many homes are available in Lancaster Township, PA?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

Summary: The Lancaster Township real estate market had 525 homes for sale in November 2023, a 10.3% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 11
2 8783
3 257212
4 193183
5+ 4746

Summary: The Lancaster Township housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.6%, 3 bedroom homes decreased by 17.5%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes decreased by 2.1%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE

Asking Price vs. Sold Price

37 Homes Were Sold
Under Asking

43 Homes Were Sold
At Asking

46 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lancaster Township, you could pay more than the asking price. 36.5% of homes here sold above asking price last month.

Summary: A total of 126 homes were sold or pending in Lancaster Township in November 2023, down by 11.3% month-over-month. Of the 126 sold homes, 29% were sold under asking, 34% were sold at asking, and 37% were sold over asking.

Days on Market for Lancaster Township, PA

How long does it take to sell a home in Lancaster Township, PA?

Average Sale Time

Nov 2022Nov 2023CHANGE
17 Days17 Days+4.2%

Summary: Homes in Lancaster Township had an average of 17 days on market in Nov 2023, up by 4.2% compared to last year.

Breakdown of Home Sale Times

106 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2023, 126 homes were sold in Lancaster Township; 84% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.

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

Report Updated 1 Day Ago

Newest Listings in Lancaster Township, PA

Nearby Markets to Lancaster Township, PA

What housing markets are near Lancaster Township, PA?