Is Lykens, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Lykens was a Seller's Market.
Key Takeaway
Lykens is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lykens, PA
How much do homes in Lykens, PA cost?
Median Sold Price
$138,950
$72/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lykens have sold for 84% more than they did a year ago.
Summary: The median home sold price in Lykens was $138,950 in March 2024, up 84% from last year, and the median price per square foot was $72.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $125K | +66.7% |
| 2 Bedrooms | $76K | $155K | +103.9% |
| 3 Bedrooms | $75K | $136.9K | +82.5% |
| 4 Bedrooms | $130K | $125K | -3.8% |
| 5+ Bedrooms | - | $169K | N/A |
Summary: Lykens housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 103.9%, 3 bedroom homes increased by 82.5%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes did not change.
Housing Supply in Lykens, PA
How many homes are available in Lykens, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 22 | -12.0% |
Summary: The Lykens real estate market had 22 homes for sale in March 2024, a 12.0% 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 11 | 8 | -27.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lykens 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 33.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 1 | -83.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lykens, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Lykens in March 2024, down by 83.3% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lykens, PA
How long does it take to sell a home in Lykens, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 15 Days | 24 Days | +52.4% |
Summary: Homes in Lykens had an average of 24 days on market in Mar 2024, up by 52.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lykens are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 1 homes were sold in Lykens; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
