Is Lykens, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lykens is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Lykens has remained a Seller's Market.

Key Takeaway

Lykens is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lykens, PA

How much do homes in Lykens, PA cost?

Median Sold Price

$145,000

$80/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,000(+16.0%)

Key Takeaway

Homes in Lykens have sold for 16% more than they did a year ago.

Summary: The median home sold price in Lykens was $145,000 in November 2024, up 16% from last year, and the median price per square foot was $80.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $125K-
N/A
2 $116K$145K
+25.0%
3 $92K$140.9K
+53.2%
4 $139K$155.9K
+12.2%
5+ $169K$154.9K
-8.3%

Summary: Lykens housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 53.2%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes decreased by 8.3%.

Median Sold Price Compared To Nearby Cities

Wiconisco Township
+47.6%
Lykens
+16.0%

Housing Supply in Lykens, PA

How many homes are available in Lykens, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
139-30.8%

Summary: The Lykens real estate market had 9 homes for sale in November 2024, a 30.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 66
0.0%
4 62
-66.7%
5+ 11
0.0%

Summary: The Lykens housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lykens, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Lykens in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Lykens, PA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
13 Days36 Days+176.9%

Summary: Homes in Lykens had an average of 36 days on market in Nov 2024, up by 176.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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

Many homes in Lykens are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Lykens; 50% of homes were sold within 30 days, 50% 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 21 Days Ago

Newest Listings in Lykens, PA

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