Is Lock Haven, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lock Haven is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Lock Haven was a Seller's Market.

Key Takeaway

Lock Haven is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Lock Haven, PA

How much do homes in Lock Haven, PA cost?

Median Sold Price

$235,250

$126/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$70,250(+42.6%)

Key Takeaway

Homes in Lock Haven have sold for 42.6% more than they did a month ago.

Summary: The median home sold price in Lock Haven was $235,250 in December 2024, up 42.6% from last month, and the median price per square foot was $126.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 $40K-
N/A
2 -$63K
N/A
3 $200K-
N/A
4 --
N/A
5+ -$407.5K
N/A

Summary: Lock Haven housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Lock Haven, PA

How many homes are available in Lock Haven, PA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
7662-18.4%

Summary: The Lock Haven real estate market had 62 homes for sale in December 2024, a 18.4% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 87
-12.5%
3 3929
-25.6%
4 1915
-21.1%
5+ 910
+11.1%

Summary: The Lock Haven housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 25.6%, 4 bedroom homes decreased by 21.1%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1810-44.4%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lock Haven, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Lock Haven in December 2024, down by 44.4% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Lock Haven, PA

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

Average Sale Time

Nov 2024Dec 2024CHANGE
28 Days48 Days+71.4%

Summary: Homes in Lock Haven had an average of 48 days on market in Dec 2024, up by 71.4% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Lock Haven has remained consistent over time.

Summary: During December 2024, 10 homes were sold in Lock Haven; 0% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% 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 Lock Haven, PA

Nearby Markets to Lock Haven, PA