Is Millersville, 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, Millersville was a Buyer's Market.
Key Takeaway
Millersville 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 Millersville, PA
How much do homes in Millersville, PA cost?
Median Sold Price
$322,500
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Millersville have sold for 17.3% more than they did a year ago.
Summary: The median home sold price in Millersville was $322,500 in March 2024, up 17.3% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $364.5K | $163.5K | -55.1% |
| 2 Bedrooms | $229K | $257.5K | +12.4% |
| 3 Bedrooms | $269.9K | $295K | +9.3% |
| 4 Bedrooms | $315K | $375K | +19.0% |
| 5+ Bedrooms | $480K | $410K | -14.6% |
Summary: Millersville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.1%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 19%, and 5+ bedroom homes decreased by 14.6%.
Median Sold Price Compared To Nearby Cities
| Millersville | $275K | $322.5K | +17.3% |
| Pequea Township | $303K | $343.4K | +13.3% |
| Lancaster Township | $274.2K | $304.2K | +11.0% |
| Manor Township | $292.6K | $310K | +5.9% |
Housing Supply in Millersville, PA
How many homes are available in Millersville, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 34 | +3.0% |
Summary: The Millersville real estate market had 34 homes for sale in March 2024, a 3.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 19 | 22 | +15.8% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Millersville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 15.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Millersville, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Millersville in March 2024, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Millersville, PA
How long does it take to sell a home in Millersville, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 10 Days | 39 Days | +277.1% |
Summary: Homes in Millersville had an average of 39 days on market in Mar 2024, up by 277.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Millersville are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Millersville; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
