$3,788 Closing Credit*
$319,000
1,769 SqFt
3 Beds
•1 Full Bath
Brianna Garber, Listing Office: Iron Valley Real Estate of Lancaster
Is West Lampeter Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, West Lampeter Township has remained a Seller's Market.
Key Takeaway
West Lampeter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Lampeter Township, PA
How much do homes in West Lampeter Township, PA cost?
Median Sold Price
$366,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,050(+4.9%)
Key Takeaway
Homes in West Lampeter Township have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in West Lampeter Township was $366,000 in November 2024, up 4.9% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $294.9K | $305K | +3.4% |
| 3 Bedrooms | $330K | $351.8K | +6.6% |
| 4 Bedrooms | $422.4K | $449.9K | +6.5% |
| 5+ Bedrooms | $610K | $690K | +13.1% |
Summary: West Lampeter Township 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 3.4%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 13.1%.
Median Sold Price Compared To Nearby Cities
| Lancaster | $295.2K | $320.5K | +8.6% |
| Lancaster Township | $298.9K | $320K | +7.0% |
| West Lampeter Township | $348.9K | $366K | +4.9% |
| East Lampeter Township | $358.5K | $356K | -0.7% |
| Willow Street | $330K | $323.5K | -2.0% |
Housing Supply in West Lampeter Township, PA
How many homes are available in West Lampeter Township, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 36 | -10.0% |
Summary: The West Lampeter Township real estate market had 36 homes for sale in November 2024, a 10.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 16 | 16 | 0.0% |
| 4 Bedrooms | 17 | 14 | -17.6% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The West Lampeter Township 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 decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Lampeter Township, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in West Lampeter Township in November 2024, down by 8.3% month-over-month. Of the 11 sold homes, 27% were sold under asking, 45% were sold at asking, and 27% were sold over asking.
Days on Market for West Lampeter Township, PA
How long does it take to sell a home in West Lampeter Township, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 18 Days | +63.1% |
Summary: Homes in West Lampeter Township had an average of 18 days on market in Nov 2024, up by 63.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Lampeter Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in West Lampeter Township; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
