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 2021

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.

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

Median Sold Price

$329,000

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$31,500(+10.6%)

Key Takeaway

Homes in West Lampeter Township have sold for 10.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $149.5K-
N/A
2 $235K$247.5K
+5.3%
3 $262.5K$316.9K
+20.7%
4 $355K$425K
+19.7%
5+ $479.4K$535K
+11.6%

Median Sold Price Compared To Nearby Cities

East Lampeter Township
+19.0%
Willow Street
+16.6%
Lancaster
+13.9%
Lancaster Township
+12.7%
West Lampeter Township
+10.6%

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

Number of Homes For Sale

Aug 2022Sep 2022%
4531-31.1%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 104
-60.0%
3 1412
-14.3%
4 1613
-18.8%
5+ 52
-60.0%

Number of Homes Sold

Aug 2022Sep 2022%
199-52.6%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 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. 44.4% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
19 Days12 Days-35.0%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was 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.

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

About West Lampeter Township, PA

Homes for sale in West Lampeter Township, PA have reached 31. In September 2022 in West Lampeter Township, PA there were 31.1% less homes for sale than in August 2022. In September 2022 median list price was $329,000 and the average listing age was 12 days. Listing prices have changed in this real estate market between August 2022 and September 2022: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties went up by 5.3%, prices of 3 bedrooms properties increased by 20.7%, prices of 4 bedrooms properties increased by 19.7%, prices of 5 bedrooms properties went up by 11.6%. Volume of homes for sale changed: number of 1 bedroom homes remained the same, 2 bedrooms homes became 60% less available, volume of 3 bedrooms homes went down by 14.3%, the quantity of 4 bedrooms homes went down by 18.8%, 5 bedrooms homes inventory decreased by 60%. In September 2022, from all listings sold in West Lampeter Township, PA there were more than 4 sold above asking price, over 4 sold below and more than 1 were sold right at the asked price.

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