$8,905 Closing Credit*
$749,900
2,514 SqFt
5 Beds
•4 Full Baths
Monica Miller, Listing Office: Realty ONE Group Unlimited
Is Lancaster Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Lancaster Township has remained a Seller's Market.
Key Takeaway
Lancaster Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lancaster Township, PA
How much do homes in Lancaster Township, PA cost?
Median Sold Price
$319,813
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$19,928(+6.6%)
Key Takeaway
Homes in Lancaster Township have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Lancaster Township was $319,813 in December 2024, up 6.6% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $195K | +2.6% |
| 2 Bedrooms | $235.1K | $245K | +4.2% |
| 3 Bedrooms | $285.5K | $300K | +5.0% |
| 4 Bedrooms | $385K | $400K | +3.9% |
| 5+ Bedrooms | $380K | $410K | +7.9% |
Summary: Lancaster Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 7.9%.
Median Sold Price Compared To Nearby Cities
| Lancaster | $299.7K | $319.9K | +6.7% |
| Lancaster Township | $299.8K | $319.8K | +6.6% |
| West Lampeter Township | $349.9K | $368K | +5.2% |
| Manheim Township | $375K | $390K | +4.0% |
| Millersville | $320K | $312K | -2.5% |
Housing Supply in Lancaster Township, PA
How many homes are available in Lancaster Township, PA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 445 | 385 | -13.5% |
Summary: The Lancaster Township real estate market had 385 homes for sale in December 2024, a 13.5% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 54 | 45 | -16.7% |
| 3 Bedrooms | 209 | 184 | -12.0% |
| 4 Bedrooms | 141 | 120 | -14.9% |
| 5+ Bedrooms | 39 | 35 | -10.3% |
Summary: The Lancaster Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 12%, 4 bedroom homes decreased by 14.9%, and 5+ bedroom homes decreased by 10.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 130 | 139 | +6.9% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
38 Homes Were Sold
At Asking
64 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lancaster Township, you could pay more than the asking price. 46% of homes here sold above asking price last month.
Summary: A total of 139 homes were sold or pending in Lancaster Township in December 2024, up by 6.9% month-over-month. Of the 139 sold homes, 27% were sold under asking, 27% were sold at asking, and 46% were sold over asking.
Days on Market for Lancaster Township, PA
How long does it take to sell a home in Lancaster Township, PA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 22 Days | 17 Days | -21.9% |
Summary: Homes in Lancaster Township had an average of 17 days on market in Dec 2024, down by 21.9% compared to last year.
Breakdown of Home Sale Times
110 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lancaster Township are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 139 homes were sold in Lancaster Township; 79% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
