Is West Lampeter Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, West Lampeter Township has remained a Seller's Market.
Housing Prices in West Lampeter Township, PA
How much do homes in West Lampeter Township, PA cost?
Median Sold Price
$360,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in West Lampeter Township was $360,000 in April 2024, up 4.5% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $250K | $299.9K | +20.0% |
3 Bedrooms | $325K | $344.9K | +6.1% |
4 Bedrooms | $420K | $495K | +17.9% |
5+ Bedrooms | $535K | $795K | +48.6% |
Summary: West Lampeter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 48.6%.
Median Sold Price Compared To Nearby Cities
Lancaster | $266.2K | $310K | +16.4% |
East Lampeter Township | $327.4K | $357.5K | +9.2% |
Lancaster Township | $284.9K | $309.2K | +8.5% |
West Lampeter Township | $344.3K | $360K | +4.5% |
Housing Supply in West Lampeter Township, PA
How many homes are available in West Lampeter Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 28 | -3.4% |
Summary: The West Lampeter Township real estate market had 28 homes for sale in April 2024, a 3.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 14 | 13 | -7.1% |
4 Bedrooms | 10 | 8 | -20.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The West Lampeter Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 5 | -61.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in West Lampeter Township in April 2024, down by 61.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 35 Days | +87.4% |
Summary: Homes in West Lampeter Township had an average of 35 days on market in Apr 2024, up by 87.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in West Lampeter Township; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.