$3,384 Closing Credit*
$285,000
2,400 SqFt
6 Beds
•2 Full Baths
Lynn Hartman, Listing Office: Iron Valley Real Estate of Lancaster
Is Latimore Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Latimore Township has remained a Seller's Market.
Key Takeaway
Latimore Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Latimore Township, PA
How much do homes in Latimore Township, PA cost?
Median Sold Price
$379,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,100(+5.3%)
Key Takeaway
Homes in Latimore Township have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Latimore Township was $379,000 in October 2024, up 5.3% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $226K | - | N/A |
| 3 Bedrooms | $285K | $335K | +17.5% |
| 4 Bedrooms | $389.9K | $400K | +2.6% |
| 5+ Bedrooms | $407K | $655K | +60.9% |
Summary: Latimore Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 17.5%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 60.9%.
Median Sold Price Compared To Nearby Cities
| Reading Township | $230K | $249.9K | +8.7% |
| Washington Township | $217.6K | $230K | +5.7% |
| Latimore Township | $359.9K | $379K | +5.3% |
| Franklin Township | $295K | $292.5K | -0.8% |
Housing Supply in Latimore Township, PA
How many homes are available in Latimore Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Summary: The Latimore Township real estate market had 10 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Latimore Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Latimore Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Latimore Township in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Latimore Township, PA
How long does it take to sell a home in Latimore Township, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 48 Days | +62.2% |
Summary: Homes in Latimore Township had an average of 48 days on market in Oct 2024, up by 62.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Latimore Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Latimore Township; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
