Is Lancaster, PA 17602 a buyer’s or seller’s market?
Lancaster is a seller’s market. With about 1.2 months of supply and 49% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Months of supply1.2Under 4 months = seller’s market
Sold above original list48.7%Share of sales, last 3 months
Median sale-to-list101.7%Sold price ÷ list price
Median days on market8Listing to accepted offer
Median price per sq ft$193▲ +6.4% vs. last year
Run the numbers for 17602
Nearby markets
Adamstown 19501Buyer’s market $185 /sq ftAkron 17501Seller’s market $199 /sq ftBainbridge 17502Seller’s market $235 /sq ftBird In Hand 17505Seller’s market $173 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology