Is Lewistown, 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, Lewistown has remained a Seller's Market.
Key Takeaway
Lewistown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lewistown, PA
How much do homes in Lewistown, PA cost?
Median Sold Price
$134,500
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lewistown have sold for 4.8% less than they did a year ago.
Summary: The median home sold price in Lewistown was $134,500 in April 2024, down 4.8% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $46.2K | $75.7K | +63.8% |
| 2 Bedrooms | $110K | $92.1K | -16.2% |
| 3 Bedrooms | $141.5K | $139.5K | -1.4% |
| 4 Bedrooms | $187.2K | $217.5K | +16.2% |
| 5+ Bedrooms | $174.9K | $198.5K | +13.5% |
Summary: Lewistown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 63.8%, 2 bedroom homes decreased by 16.2%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes increased by 13.5%.
Median Sold Price Compared To Nearby Cities
| Derry Township | $140K | $179.1K | +27.9% |
| Lewistown | $141.2K | $134.5K | -4.8% |
Housing Supply in Lewistown, PA
How many homes are available in Lewistown, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 56 | 52 | -7.1% |
Summary: The Lewistown real estate market had 52 homes for sale in April 2024, a 7.1% 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 | 11 | 8 | -27.3% |
| 3 Bedrooms | 30 | 29 | -3.3% |
| 4 Bedrooms | 13 | 11 | -15.4% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Lewistown 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 decreased by 27.3%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lewistown, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 14 homes were sold or pending in Lewistown in April 2024, down by 6.7% month-over-month. Of the 14 sold homes, 36% were sold under asking, 43% were sold at asking, and 21% were sold over asking.
Days on Market for Lewistown, PA
How long does it take to sell a home in Lewistown, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 59 Days | 14 Days | -74.9% |
Summary: Homes in Lewistown had an average of 14 days on market in Apr 2024, down by 74.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lewistown are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in Lewistown; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
