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| MARCH 2025 | |||
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| Units Sold 9 |
Active Inventory 67 |
Median Sale Price $380,260 |
Days On Market 132 |
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| Down -25% Vs. Year Ago |
Up 37% Vs. Year Ago |
Down Vs. Year Ago |
Up 6% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in March, with 9 sold this month in Lancaster County Real Estate versus 7 last month, an increase of 29%. This month's total units sold was lower than at this time last year, a decrease of 25% versus March 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 18 units or 37%. The total number of active inventory this March was 67 compared to 49 in March 2024. This month's total of 67 is higher than the previous month's total supply of available inventory of 62, an increase of 8%. |
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Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last March, the median sale price for Lancaster County Homes was $405,000. This March, the median sale price was $380,260, a decrease of $24,740 compared to last year. The current median sold price is higher than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 27 |
Current Contracts 18 |
Sold Vs. List Price 95.7% |
Months of Supply 7.4 |
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| Up 42% Vs. Year Ago |
Up 29% Vs. Year Ago |
Down Vs. Year Ago |
Up 82% Vs. Year Ago |
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Months of Supply
In March, there was 7.4 months of supply available in Lancaster County, compared to 4.1 in March 2024. That is an increase of 82% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
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New Listings & Current Contracts
This month there were 27 homes newly listed for sale in Lancaster County compared to 19 in March 2024, an increase of 42%. There were 18 current contracts pending sale this March compared to 14 a year ago. The number of current contracts is 29% higher than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in Lancaster County was 95.7% of the average list price, which is lower than at this time last year. Days on Market
This month, the average number of days on market was 132, higher than the average last year, which was 125, an increase of 6%. | |||
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| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by NNAR and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of NNAR or Long & Foster Real Estate, Inc. |
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