$4,263 Closing Credit*
$359,000
1,476 SqFt
3 Beds
•1 Full Bath, 1 Partial
Crystal L Crawford, Listing Office: Dennis E. Beck Real Estate
Is Lititz, 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, Lititz has remained a Seller's Market.
Key Takeaway
Lititz is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lititz, PA
How much do homes in Lititz, PA cost?
Median Sold Price
$430,750
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,750(+1.4%)
Key Takeaway
Homes in Lititz have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Lititz was $430,750 in October 2024, up 1.4% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $302.5K | $325K | +7.4% |
| 3 Bedrooms | $351K | $353.5K | +0.7% |
| 4 Bedrooms | $510K | $549.9K | +7.8% |
| 5+ Bedrooms | $658K | $730K | +10.9% |
Summary: Lititz 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 increased by 7.4%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 10.9%.
Median Sold Price Compared To Nearby Cities
| Warwick Township | $415K | $453K | +9.2% |
| Lititz | $425K | $430.7K | +1.4% |
Housing Supply in Lititz, PA
How many homes are available in Lititz, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 113 | 125 | +10.6% |
Summary: The Lititz real estate market had 125 homes for sale in October 2024, a 10.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 15 | +50.0% |
| 3 Bedrooms | 48 | 54 | +12.5% |
| 4 Bedrooms | 43 | 46 | +7.0% |
| 5+ Bedrooms | 12 | 10 | -16.7% |
Summary: The Lititz 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 50%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 7%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 31 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lititz, you could pay more than the asking price. 48.4% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in Lititz in October 2024, the same as the previous month. Of the 31 sold homes, 32% were sold under asking, 19% were sold at asking, and 48% were sold over asking.
Days on Market for Lititz, PA
How long does it take to sell a home in Lititz, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 13 Days | -27.2% |
Summary: Homes in Lititz had an average of 13 days on market in Oct 2024, down by 27.2% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lititz are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 31 homes were sold in Lititz; 87% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
