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 December 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

$149,000

$103/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$9,000(+6.4%)

Key Takeaway

Homes in Lewistown have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in Lewistown was $149,000 in December 2024, up 6.4% from last year, and the median price per square foot was $103.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $59.7K$87.2K
+46.0%
2 $94.4K$128.9K
+36.5%
3 $157K$138K
-12.1%
4 $230.8K$220K
-4.7%
5+ $177.5K$175K
-1.4%

Summary: Lewistown housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 46%, 2 bedroom homes increased by 36.5%, 3 bedroom homes decreased by 12.1%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes decreased by 1.4%.

Median Sold Price Compared To Nearby Cities

Lewistown
+6.4%
Derry Township
-3.9%
Granville Township
-7.0%

Housing Supply in Lewistown, PA

How many homes are available in Lewistown, PA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
4639-15.2%

Summary: The Lewistown real estate market had 39 homes for sale in December 2024, a 15.2% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 10
-100.0%
2 95
-44.4%
3 2622
-15.4%
4 99
0.0%
5+ 13
+200.0%

Summary: The Lewistown housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 44.4%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1210-16.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lewistown, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Lewistown in December 2024, down by 16.7% month-over-month. Of the 10 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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

Dec 2023Dec 2024CHANGE
24 Days57 Days+138.4%

Summary: Homes in Lewistown had an average of 57 days on market in Dec 2024, up by 138.4% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were 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 December 2024, 10 homes were sold in Lewistown; 60% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 30% 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 4 Days Ago

Newest Listings in Lewistown, PA

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