Lancaster County Housing Market Stats for March 2025

Here are some key takeaways for Buyers:

• Interest Rates Are Down: The average 30-year mortgage rate dropped from 6.8% to 6.6% (down 3%). This means slightly lower monthly payments and more buying power.

• Home Prices Are Stable: The average sales price increased just 0.6%, from $357,563 to $360,010, indicating a leveling market—a great time to buy before any bigger shifts.

• You Have Time—but Not Much: Homes are still selling in a median of 6 days, so be prepared to move quickly when the right home comes along.

Here are some key takeaways for Sellers:

• Homes Are Still Moving Fast: Median days to sell stayed at 6 days, showing strong buyer demand and competitive conditions.

• Home Values Continue to Rise (Slightly): A small price increase is still a positive indicator that values are holding steady.

• Slight Drop in Sales Activity: Settled units dropped 7% from last year, from 375 to 348, which could signal more selective buyers or slightly less competition.

Call me today if you are thinking of buying and/or selling a home.  Let my 25 years of working with buyers and sellers get to work for you!