Is Lewistown, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Lewistown has remained a Seller's Market.
Key Takeaway
Lewistown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lewistown, PA
How much do homes in Lewistown, PA cost?
Median Sold Price
$135,000
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lewistown have sold for 6.9% less than they did a year ago.
Summary: The median home sold price in Lewistown was $135,000 in March 2024, down 6.9% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $46.2K | $75.7K | +63.8% |
| 2 Bedrooms | $110K | $92.1K | -16.2% |
| 3 Bedrooms | $154.7K | $140K | -9.5% |
| 4 Bedrooms | $161.5K | $230.8K | +42.9% |
| 5+ Bedrooms | $174.9K | $222K | +26.9% |
Summary: Lewistown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 63.8%, 2 bedroom homes decreased by 16.2%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 26.9%.
Median Sold Price Compared To Nearby Cities
| Derry Township | $141K | $180K | +27.7% |
| Lewistown | $145K | $135K | -6.9% |
Housing Supply in Lewistown, PA
How many homes are available in Lewistown, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 65 | 63 | -3.1% |
Summary: The Lewistown real estate market had 63 homes for sale in March 2024, a 3.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 32 | 36 | +12.5% |
| 4 Bedrooms | 16 | 12 | -25.0% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Lewistown housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lewistown, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Lewistown in March 2024, the same as the previous month. Of the 14 sold homes, 64% were sold under asking, 14% were sold at asking, and 21% were sold over asking.
Days on Market for Lewistown, PA
How long does it take to sell a home in Lewistown, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 14 Days | 25 Days | +80.9% |
Summary: Homes in Lewistown had an average of 25 days on market in Mar 2024, up by 80.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lewistown are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 14 homes were sold in Lewistown; 79% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
