Is Lower Allen Township, 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, Lower Allen Township has remained a Seller's Market.
Housing Prices in Lower Allen Township, PA
How much do homes in Lower Allen Township, PA cost?
Median Sold Price
$266,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lower Allen Township was $266,000 in March 2024, up 4.3% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $71.2K | $100.5K | +41.1% |
2 Bedrooms | $212.5K | $218K | +2.6% |
3 Bedrooms | $250K | $266.2K | +6.5% |
4 Bedrooms | $369.9K | $380K | +2.7% |
5+ Bedrooms | $628K | $650.8K | +3.6% |
Summary: Lower Allen Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.1%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Cities
New Cumberland | $240K | $265K | +10.4% |
New Cumberland | $246.2K | $265K | +7.6% |
Lower Allen Township | $255K | $266K | +4.3% |
Camp Hill | $269.9K | $280K | +3.7% |
Shiremanstown | $267.5K | $239.5K | -10.5% |
Housing Supply in Lower Allen Township, PA
How many homes are available in Lower Allen Township, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
66 | 73 | +10.6% |
Summary: The Lower Allen Township real estate market had 73 homes for sale in March 2024, a 10.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 33 | 36 | +9.1% |
4 Bedrooms | 20 | 22 | +10.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Lower Allen Township 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 increased by 12.5%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 14 | +27.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Lower Allen Township in March 2024, up by 27.3% month-over-month. Of the 14 sold homes, 43% were sold under asking, 36% were sold at asking, and 21% were sold over asking.
Days on Market for Lower Allen Township, PA
How long does it take to sell a home in Lower Allen Township, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
7 Days | 25 Days | +227.4% |
Summary: Homes in Lower Allen Township had an average of 25 days on market in Mar 2024, up by 227.4% 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
Summary: During March 2024, 14 homes were sold in Lower Allen Township; 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.