Is Lititz, 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, Lititz has remained a Seller's Market.
Key Takeaway
Lititz is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lititz, PA
How much do homes in Lititz, PA cost?
Median Sold Price
$429,700
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lititz have sold for 14.6% more than they did a year ago.
Summary: The median home sold price in Lititz was $429,700 in April 2024, up 14.6% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $301.6K | $314K | +4.1% |
| 3 Bedrooms | $320K | $352K | +10.0% |
| 4 Bedrooms | $440.8K | $522.5K | +18.5% |
| 5+ Bedrooms | $737.5K | $659K | -10.6% |
Summary: Lititz 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 4.1%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes decreased by 10.6%.
Median Sold Price Compared To Nearby Cities
| Warwick Township | $373.5K | $441K | +18.1% |
| Lititz | $375K | $429.7K | +14.6% |
Housing Supply in Lititz, PA
How many homes are available in Lititz, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 76 | 92 | +21.1% |
Summary: The Lititz real estate market had 92 homes for sale in April 2024, a 21.1% increase 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 | 8 | 7 | -12.5% |
| 3 Bedrooms | 32 | 42 | +31.3% |
| 4 Bedrooms | 31 | 37 | +19.4% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Lititz 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 12.5%, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 16 | -23.8% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lititz, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Lititz in April 2024, down by 23.8% month-over-month. Of the 16 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for Lititz, PA
How long does it take to sell a home in Lititz, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 19 Days | 27 Days | +46.7% |
Summary: Homes in Lititz had an average of 27 days on market in Apr 2024, up by 46.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lititz are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 16 homes were sold in Lititz; 81% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
