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 Last Month

Since last month, 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

$133,000

$65/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$64,300(-32.6%)

Key Takeaway

Homes in Lykens have sold for 32.6% less than they did a month ago.

Summary: The median home sold price in Lykens was $133,000 in October 2024, down 32.6% from last month, and the median price per square foot was $65.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $145K-
N/A
3 $279.9K$133K
-52.5%
4 -$124.8K
N/A
5+ $159.9K-
N/A

Summary: Lykens housing prices by bedroom type for October 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 decreased by 52.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Jackson Township
+32.7%
Lykens
-32.6%

Housing Supply in Lykens, PA

How many homes are available in Lykens, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1511-26.7%

Summary: The Lykens real estate market had 11 homes for sale in October 2024, a 26.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 76
-14.3%
4 64
-33.3%
5+ 11
0.0%

Summary: The Lykens 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 decreased by 100%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was 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. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Lykens in October 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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

Sep 2024Oct 2024CHANGE
10 Days63 Days+494.3%

Summary: Homes in Lykens had an average of 63 days on market in Oct 2024, up by 494.3% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was 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 October 2024, 3 homes were sold in Lykens; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 20 Days Ago

Newest Listings in Lykens, PA

Nearby Markets to Lykens, PA