$2,672 Closing Credit*
$225,000
3 Beds
•2 Full Baths
Laurie D Wells, Listing Office: Adventure Realty
Is Lock Haven, 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, Lock Haven has remained a Seller's Market.
Key Takeaway
Lock Haven is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lock Haven, PA
How much do homes in Lock Haven, PA cost?
Median Sold Price
$206,450
$101/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$1,450(+0.7%)
Key Takeaway
Homes in Lock Haven have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in Lock Haven was $206,450 in October 2024, up 0.7% from last year, and the median price per square foot was $101.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $167.5K | $144.4K | -13.8% |
| 3 Bedrooms | $245K | $225K | -8.2% |
| 4 Bedrooms | $200K | $380K | +90.0% |
| 5+ Bedrooms | $272.5K | $132.5K | -51.4% |
Summary: Lock Haven 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 decreased by 13.8%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes increased by 90%, and 5+ bedroom homes decreased by 51.4%.
Housing Supply in Lock Haven, PA
How many homes are available in Lock Haven, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 23 | 0.0% |
Summary: The Lock Haven real estate market had 23 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 14 | 16 | +14.3% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Lock Haven 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 remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lock Haven, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Lock Haven in October 2024, up by 200.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 7 Days | -65.6% |
Summary: Homes in Lock Haven had an average of 7 days on market in Oct 2024, down by 65.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lock Haven are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Lock Haven; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
