Is Lynn Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lynn Township is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Lynn Township has remained a Seller's Market.

Key Takeaway

Lynn Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lynn Township, PA

How much do homes in Lynn Township, PA cost?

Median Sold Price

$338,000

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$32,000(-8.6%)

Key Takeaway

Homes in Lynn Township have sold for 8.6% less than they did a year ago.

Summary: The median home sold price in Lynn Township was $338,000 in September 2024, down 8.6% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $1.2M-
N/A
2 $170K$425K
+150.0%
3 $306.5K$307K
0.2%
4 $420K$392.5K
-6.5%
5+ -$475K
N/A

Summary: Lynn Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 150%, 3 bedroom homes increased by 0.2%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

New Tripoli
+1.9%
Lynn Township
-8.6%

Housing Supply in Lynn Township, PA

How many homes are available in Lynn Township, PA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1011+10.0%

Summary: The Lynn Township real estate market had 11 homes for sale in September 2024, a 10.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 00
0.0%
3 76
-14.3%
4 13
+200.0%
5+ 22
0.0%

Summary: The Lynn Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lynn Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Lynn Township in September 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Lynn Township, PA

How long does it take to sell a home in Lynn Township, PA?

Average Sale Time

Sep 2023Sep 2024CHANGE
11 Days16 Days+39.0%

Summary: Homes in Lynn Township had an average of 16 days on market in Sep 2024, up by 39% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lynn Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 3 homes were sold in Lynn Township; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Lynn Township, PA

Nearby Markets to Lynn Township, PA

What housing markets are near Lynn Township, PA?