Is Red Lion, 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, Red Lion has remained a Seller's Market.
Housing Prices in Red Lion, PA
How much do homes in Red Lion, PA cost?
Median Sold Price
$255,750
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Red Lion was $255,750 in April 2024, up 13.7% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $45K | N/A |
2 Bedrooms | $180K | $252.5K | +40.3% |
3 Bedrooms | $209K | $246K | +17.7% |
4 Bedrooms | $305K | $290K | -4.9% |
5+ Bedrooms | $185K | $325K | +75.7% |
Summary: Red Lion 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 40.3%, 3 bedroom homes increased by 17.7%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 75.7%.
Median Sold Price Compared To Nearby Cities
Red Lion | $225K | $255.7K | +13.7% |
Windsor Township | $289.5K | $299.9K | +3.6% |
York Township | $237.2K | $239.9K | +1.2% |
Housing Supply in Red Lion, PA
How many homes are available in Red Lion, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
60 | 73 | +21.7% |
Summary: The Red Lion real estate market had 73 homes for sale in April 2024, a 21.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 10 | 16 | +60.0% |
3 Bedrooms | 30 | 36 | +20.0% |
4 Bedrooms | 15 | 17 | +13.3% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Red Lion 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 60%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 20 | +25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Red Lion in April 2024, up by 25.0% month-over-month. Of the 20 sold homes, 20% were sold under asking, 25% were sold at asking, and 55% were sold over asking.
Days on Market for Red Lion, PA
How long does it take to sell a home in Red Lion, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
8 Days | 10 Days | +23.8% |
Summary: Homes in Red Lion had an average of 10 days on market in Apr 2024, up by 23.8% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in Red Lion; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.