Is Red Lion, 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, Red Lion was a Seller's Market.
Key Takeaway
Red Lion 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 Red Lion, PA
How much do homes in Red Lion, PA cost?
Median Sold Price
$250,333
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Red Lion have sold for 39.1% more than they did a year ago.
Summary: The median home sold price in Red Lion was $250,333 in March 2024, up 39.1% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $45K | N/A |
| 2 Bedrooms | $167K | $252.5K | +51.2% |
| 3 Bedrooms | $180K | $240K | +33.3% |
| 4 Bedrooms | $271K | $292.4K | +7.9% |
| 5+ Bedrooms | $190K | $319.9K | +68.4% |
Summary: Red Lion housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 51.2%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 68.4%.
Median Sold Price Compared To Nearby Cities
| Red Lion | $180K | $250.3K | +39.1% |
| Windsor Township | $290K | $291.4K | 0.5% |
| York Township | $239.9K | $239.6K | -0.1% |
Housing Supply in Red Lion, PA
How many homes are available in Red Lion, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 76 | 79 | +3.9% |
Summary: The Red Lion real estate market had 79 homes for sale in March 2024, a 3.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 6 | 11 | +83.3% |
| 3 Bedrooms | 44 | 36 | -18.2% |
| 4 Bedrooms | 17 | 22 | +29.4% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Red Lion 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 83.3%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 12 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Red Lion, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Red Lion in March 2024, down by 33.3% month-over-month. Of the 12 sold homes, 25% were sold under asking, 17% were sold at asking, and 58% were sold over asking.
Days on Market for Red Lion, PA
How long does it take to sell a home in Red Lion, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 12 Days | 34 Days | +179.1% |
Summary: Homes in Red Lion had an average of 34 days on market in Mar 2024, up by 179.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Red Lion are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in Red Lion; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
