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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Lampeter Township is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in West Lampeter Township, PA

How much do homes in West Lampeter Township, PA cost?

Median Sold Price

$382,500

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$42,500(+12.5%)

Key Takeaway

Homes in West Lampeter Township have sold for 12.5% more than they did a year ago.

Summary: The median home sold price in West Lampeter Township was $382,500 in September 2024, up 12.5% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $285.1K$302.4K
+6.1%
3 $329K$353.6K
+7.5%
4 $397.5K$472.5K
+18.9%
5+ $445K$707.5K
+59.0%

Summary: West Lampeter 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 6.1%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes increased by 59%.

Median Sold Price Compared To Nearby Cities

West Lampeter Township
+12.5%
Lancaster
+9.1%
Lancaster Township
+6.9%
East Lampeter Township
+2.1%
Willow Street
+1.5%

Housing Supply in West Lampeter Township, PA

How many homes are available in West Lampeter Township, PA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3930-23.1%

Summary: The West Lampeter Township real estate market had 30 homes for sale in September 2024, a 23.1% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 1510
-33.3%
4 1512
-20.0%
5+ 33
0.0%

Summary: The West Lampeter 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 decreased by 16.7%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1011+10.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Lampeter Township, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in West Lampeter Township in September 2024, up by 10.0% month-over-month. Of the 11 sold homes, 45% were sold under asking, 9% were sold at asking, and 45% were sold over asking.

Days on Market for West Lampeter Township, PA

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

Average Sale Time

Sep 2023Sep 2024CHANGE
14 Days19 Days+29.7%

Summary: Homes in West Lampeter Township had an average of 19 days on market in Sep 2024, up by 29.7% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 11 homes were sold in West Lampeter Township; 73% of homes were sold within 30 days, 27% 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 West Lampeter Township, PA

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