Is Lewistown, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lewistown is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Lewistown has remained a Seller's Market.

Key Takeaway

Lewistown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lewistown, PA

How much do homes in Lewistown, PA cost?

Median Sold Price

$143,000

$103/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$3,000(+2.1%)

Key Takeaway

Homes in Lewistown have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in Lewistown was $143,000 in November 2024, up 2.1% from last year, and the median price per square foot was $103.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $57K$84.5K
+48.2%
2 $96K$128.9K
+34.3%
3 $159.9K$140K
-12.4%
4 $230.8K$219K
-5.1%
5+ $165K$206.9K
+25.4%

Summary: Lewistown housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48.2%, 2 bedroom homes increased by 34.3%, 3 bedroom homes decreased by 12.4%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes increased by 25.4%.

Median Sold Price Compared To Nearby Cities

Lewistown
+2.1%
Granville Township
+0.6%
Derry Township
-4.1%

Housing Supply in Lewistown, PA

How many homes are available in Lewistown, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4643-6.5%

Summary: The Lewistown real estate market had 43 homes for sale in November 2024, a 6.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 119
-18.2%
3 2725
-7.4%
4 67
+16.7%
5+ 11
0.0%

Summary: The Lewistown housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.2%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
911+22.2%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lewistown, expect to pay close to the asking price. 54.5% of homes here sold near the asking price last month.

Summary: A total of 11 homes were sold or pending in Lewistown in November 2024, up by 22.2% month-over-month. Of the 11 sold homes, 36% were sold under asking, 55% were sold at asking, and 9% were sold over asking.

Days on Market for Lewistown, PA

How long does it take to sell a home in Lewistown, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
18 Days26 Days+40.6%

Summary: Homes in Lewistown had an average of 26 days on market in Nov 2024, up by 40.6% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lewistown are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 11 homes were sold in Lewistown; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Lewistown, PA

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