Is Lewisburg, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lewisburg has remained a Seller's Market.
Key Takeaway
Lewisburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lewisburg, PA
How much do homes in Lewisburg, PA cost?
Median Sold Price
$325,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lewisburg have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Lewisburg was $325,000 in May 2024, up 8.7% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $450K | +190.3% |
| 2 Bedrooms | $234K | $263K | +12.4% |
| 3 Bedrooms | $273K | $290.5K | +6.4% |
| 4 Bedrooms | $372.4K | $413K | +10.9% |
| 5+ Bedrooms | $497.5K | $594K | +19.4% |
Summary: Lewisburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 190.3%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 19.4%.
Median Sold Price Compared To Nearby Cities
| Lewisburg | $299K | $325K | +8.7% |
| East Buffalo Township | $353.7K | $370K | +4.6% |
| Kelly Township | $290K | $276K | -4.8% |
Housing Supply in Lewisburg, PA
How many homes are available in Lewisburg, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 59 | 56 | -5.1% |
Summary: The Lewisburg real estate market had 56 homes for sale in May 2024, a 5.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 25 | 18 | -28.0% |
| 4 Bedrooms | 19 | 23 | +21.1% |
| 5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The Lewisburg housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 28%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 12 | +71.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lewisburg, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Lewisburg in May 2024, up by 71.4% month-over-month. Of the 12 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% were sold over asking.
Days on Market for Lewisburg, PA
How long does it take to sell a home in Lewisburg, PA?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lewisburg are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Lewisburg; 17% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
