Is Lower Paxton Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Lower Paxton Township was a Seller's Market.
Key Takeaway
Lower Paxton Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lower Paxton Township, PA
How much do homes in Lower Paxton Township, PA cost?
Median Sold Price
$295,220
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lower Paxton Township have sold for 1.6% less than they did a year ago.
Summary: The median home sold price in Lower Paxton Township was $295,220 in April 2024, down 1.6% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $118K | -37.9% |
| 2 Bedrooms | $198K | $210K | +6.1% |
| 3 Bedrooms | $273K | $275K | +0.7% |
| 4 Bedrooms | $406.5K | $390K | -4.1% |
| 5+ Bedrooms | $492.5K | $503.5K | +2.2% |
Summary: Lower Paxton Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.9%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 2.2%.
Median Sold Price Compared To Nearby Cities
| South Hanover Township | $275K | $385K | +40.0% |
| West Hanover Township | $275K | $330.5K | +20.2% |
| Swatara Township | $230K | $235K | +2.2% |
| Lower Paxton Township | $300K | $295.2K | -1.6% |
| Middle Paxton Township | $337.5K | $311K | -7.9% |
Housing Supply in Lower Paxton Township, PA
How many homes are available in Lower Paxton Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 107 | 104 | -2.8% |
Summary: The Lower Paxton Township real estate market had 104 homes for sale in April 2024, a 2.8% decrease 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 | 7 | 12 | +71.4% |
| 3 Bedrooms | 53 | 48 | -9.4% |
| 4 Bedrooms | 32 | 36 | +12.5% |
| 5+ Bedrooms | 14 | 7 | -50.0% |
Summary: The Lower Paxton 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 71.4%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 39 | 17 | -56.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Paxton Township, you could pay more than the asking price. 58.8% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Lower Paxton Township in April 2024, down by 56.4% month-over-month. Of the 17 sold homes, 24% were sold under asking, 18% were sold at asking, and 59% were sold over asking.
Days on Market for Lower Paxton Township, PA
How long does it take to sell a home in Lower Paxton Township, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 31 Days | 20 Days | -36.1% |
Summary: Homes in Lower Paxton Township had an average of 20 days on market in Apr 2024, down by 36.1% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lower Paxton Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 17 homes were sold in Lower Paxton Township; 82% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
