Is Lower Paxton Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lower Paxton Township has remained a Seller's Market.
Housing Prices in Lower Paxton Township, PA
How much do homes in Lower Paxton Township, PA cost?
Median Sold Price
$295,091
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lower Paxton Township was $295,091 in May 2024, down 1.6% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190K | $118K | -37.9% |
2 Bedrooms | $202K | $207.5K | +2.7% |
3 Bedrooms | $270K | $275K | +1.9% |
4 Bedrooms | $408.2K | $390K | -4.5% |
5+ Bedrooms | $487.4K | $535K | +9.7% |
Summary: Lower Paxton Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.9%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Cities
South Hanover Township | $288.5K | $368.7K | +27.8% |
West Hanover Township | $277.5K | $330.5K | +19.1% |
Swatara Township | $234.5K | $235K | 0.2% |
Lower Paxton Township | $300K | $295K | -1.6% |
Middle Paxton Township | $337.5K | $320K | -5.2% |
Housing Supply in Lower Paxton Township, PA
How many homes are available in Lower Paxton Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
108 | 137 | +26.9% |
Summary: The Lower Paxton Township real estate market had 137 homes for sale in May 2024, a 26.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 12 | 13 | +8.3% |
3 Bedrooms | 49 | 66 | +34.7% |
4 Bedrooms | 37 | 49 | +32.4% |
5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Lower Paxton Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 34.7%, 4 bedroom homes increased by 32.4%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 33 | +94.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Lower Paxton Township in May 2024, up by 94.1% month-over-month. Of the 33 sold homes, 18% were sold under asking, 21% were sold at asking, and 61% were sold over asking.
Days on Market for Lower Paxton Township, PA
How long does it take to sell a home in Lower Paxton Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
10 Days | 27 Days | +166.7% |
Summary: Homes in Lower Paxton Township had an average of 27 days on market in May 2024, up by 166.7% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 33 homes were sold in Lower Paxton Township; 85% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.