Is Lower Paxton 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 Paxton Township has remained a Seller's Market.
Key Takeaway
Lower Paxton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lower Paxton Township, PA
How much do homes in Lower Paxton Township, PA cost?
Median Sold Price
$295,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lower Paxton Township have sold for 3% less than they did a year ago.
Summary: The median home sold price in Lower Paxton Township was $295,000 in March 2024, down 3% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $118K | -37.9% |
| 2 Bedrooms | $192.5K | $210K | +9.1% |
| 3 Bedrooms | $270K | $274K | +1.5% |
| 4 Bedrooms | $405K | $401.1K | -1.0% |
| 5+ Bedrooms | $465K | $533.6K | +14.8% |
Summary: Lower Paxton Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.9%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 14.8%.
Median Sold Price Compared To Nearby Cities
| South Hanover Township | $288.5K | $385K | +33.4% |
| West Hanover Township | $270.5K | $335K | +23.8% |
| Swatara Township | $235K | $234.5K | -0.2% |
| Lower Paxton Township | $304K | $295K | -3.0% |
| Middle Paxton Township | $337.5K | $300K | -11.1% |
Housing Supply in Lower Paxton Township, PA
How many homes are available in Lower Paxton Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 179 | 181 | +1.1% |
Summary: The Lower Paxton Township real estate market had 181 homes for sale in March 2024, a 1.1% 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 | 6 | 9 | +50.0% |
| 3 Bedrooms | 77 | 70 | -9.1% |
| 4 Bedrooms | 68 | 71 | +4.4% |
| 5+ Bedrooms | 27 | 30 | +11.1% |
Summary: The Lower Paxton 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 50%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 36 | +38.5% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Paxton Township, you may be able to get a good deal. 38.9% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Lower Paxton Township in March 2024, up by 38.5% month-over-month. Of the 36 sold homes, 39% were sold under asking, 25% were sold at asking, and 36% were sold over asking.
Days on Market for Lower Paxton Township, PA
How long does it take to sell a home in Lower Paxton Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 24 Days | 28 Days | +15.5% |
Summary: Homes in Lower Paxton Township had an average of 28 days on market in Mar 2024, up by 15.5% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lower Paxton Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 36 homes were sold in Lower Paxton Township; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
