Is Lower Allen 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 Allen Township has remained a Seller's Market.
Housing Prices in Lower Allen Township, PA
How much do homes in Lower Allen Township, PA cost?
Median Sold Price
$268,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lower Allen Township was $268,000 in May 2024, up 5.1% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $71.2K | $100.5K | +41.1% |
2 Bedrooms | $198.5K | $225K | +13.4% |
3 Bedrooms | $250K | $270.5K | +8.2% |
4 Bedrooms | $374.4K | $390K | +4.2% |
5+ Bedrooms | $587.5K | $725K | +23.4% |
Summary: Lower Allen Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.1%, 2 bedroom homes increased by 13.4%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 23.4%.
Median Sold Price Compared To Nearby Cities
Camp Hill | $265.6K | $285K | +7.3% |
New Cumberland | $249K | $265K | +6.4% |
New Cumberland | $249.9K | $265K | +6.0% |
Lower Allen Township | $255K | $268K | +5.1% |
Housing Supply in Lower Allen Township, PA
How many homes are available in Lower Allen Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
42 | 47 | +11.9% |
Summary: The Lower Allen Township real estate market had 47 homes for sale in May 2024, a 11.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 9 | 0.0% |
3 Bedrooms | 23 | 26 | +13.0% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lower Allen 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 remained the same, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 13 | +8.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Lower Allen Township in May 2024, up by 8.3% month-over-month. Of the 13 sold homes, 31% were sold under asking, 15% were sold at asking, and 54% were sold over asking.
Days on Market for Lower Allen Township, PA
How long does it take to sell a home in Lower Allen Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
16 Days | 27 Days | +66.5% |
Summary: Homes in Lower Allen Township had an average of 27 days on market in May 2024, up by 66.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Lower Allen Township; 85% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.