$2,138 Closing Credit*
$180,000
1,410 SqFt
3 Beds
•1 Full Bath, 1 Partial
Susan E Lamont, Listing Office: Howard Hanna Real Estate Services
Is Red Lion, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Red Lion has remained a Seller's Market.
Key Takeaway
Red Lion is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Red Lion, PA
How much do homes in Red Lion, PA cost?
Median Sold Price
$265,500
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$20,550(+8.4%)
Key Takeaway
Homes in Red Lion have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Red Lion was $265,500 in September 2024, up 8.4% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45K | $45K | 0.0% |
| 2 Bedrooms | $227.5K | $257.7K | +13.3% |
| 3 Bedrooms | $237K | $260K | +9.7% |
| 4 Bedrooms | $287.5K | $319.5K | +11.1% |
| 5+ Bedrooms | $370K | $274.9K | -25.7% |
Summary: Red Lion 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 13.3%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 25.7%.
Median Sold Price Compared To Nearby Cities
| Red Lion | $244.9K | $265.5K | +8.4% |
| Windsor Township | $295K | $299.5K | +1.5% |
| York Township | $239.9K | $239.9K | 0.0% |
Housing Supply in Red Lion, PA
How many homes are available in Red Lion, PA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 70 | 68 | -2.9% |
Summary: The Red Lion real estate market had 68 homes for sale in September 2024, a 2.9% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 39 | 38 | -2.6% |
| 4 Bedrooms | 22 | 20 | -9.1% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Red Lion 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 increased by 16.7%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 19 | 20 | +5.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Red Lion, you could pay more than the asking price. 55% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Red Lion in September 2024, up by 5.3% month-over-month. Of the 20 sold homes, 15% were sold under asking, 30% were sold at asking, and 55% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 11 Days | 15 Days | +36.6% |
Summary: Homes in Red Lion had an average of 15 days on market in Sep 2024, up by 36.6% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Red Lion are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 20 homes were sold in Red Lion; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
