Is Lititz, 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, Lititz has remained a Neutral Market.
Key Takeaway
Lititz is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lititz, PA
How much do homes in Lititz, PA cost?
Median Sold Price
$425,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lititz have sold for 26.9% more than they did a year ago.
Summary: The median home sold price in Lititz was $425,000 in March 2024, up 26.9% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $312.5K | $310.5K | -0.6% |
| 3 Bedrooms | $300K | $352K | +17.3% |
| 4 Bedrooms | $433K | $517.5K | +19.5% |
| 5+ Bedrooms | $877.4K | $653.5K | -25.5% |
Summary: Lititz housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 17.3%, 4 bedroom homes increased by 19.5%, and 5+ bedroom homes decreased by 25.5%.
Median Sold Price Compared To Nearby Cities
| Lititz | $335K | $425K | +26.9% |
| Warwick Township | $380K | $435K | +14.5% |
Housing Supply in Lititz, PA
How many homes are available in Lititz, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 152 | 134 | -11.8% |
Summary: The Lititz real estate market had 134 homes for sale in March 2024, a 11.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 11 | -26.7% |
| 3 Bedrooms | 62 | 53 | -14.5% |
| 4 Bedrooms | 63 | 58 | -7.9% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Lititz housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 26.7%, 3 bedroom homes decreased by 14.5%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 20 | -28.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lititz, you could pay more than the asking price. 55% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Lititz in March 2024, down by 28.6% month-over-month. Of the 20 sold homes, 25% were sold under asking, 20% were sold at asking, and 55% were sold over asking.
Days on Market for Lititz, PA
How long does it take to sell a home in Lititz, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 24 Days | -30.4% |
Summary: Homes in Lititz had an average of 24 days on market in Mar 2024, down by 30.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lititz are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 20 homes were sold in Lititz; 75% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
