The Lancaster County Housing Market Stats for May 2025 are out!
Here are some key takeaways for Buyers:
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Market Activity Increasing
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Settled units increased by 9% (from 394 to 433), which means selection choices are improving.
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Slightly Higher Prices
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Average sales price rose 3% to $378,380. Buyers should be prepared for rising prices.
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Homes Are Selling Fast
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Median days on market is very low, meaning well-priced homes are going quickly—buyers should be pre-approved and ready to act fast.
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Interest Rates Are not Budging
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30-year fixed mortgage rates are still hovering 7%. The good news is that many signs are pointing towards significant downward movement in the second half of the year.
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Here are some key takeaways for Sellers:
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Demand Is Strong
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A 9% increase in settled units suggests buyers are actively purchasing—great time to list, especially if your home is well-presented and competitively priced.
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Homes Are Selling Fast
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With a very low median days to sell, sellers can expect quicker transactions, especially in desirable price ranges or neighborhoods.
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Higher Sale Prices
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Average sales price increased by 3%, so sellers may net more on their home compared to last year—especially if they’ve made improvements or are in a high-demand area.
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Interest Rates Still a Factor
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Higher lower mortgage rates are causing affordability issues for buyers. It is important to take this into consideration when determining a list price.
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Bottom Line
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Buyers need to be well-prepared and nimble—rates remain elevated and homes are still moving fast.
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Sellers benefit from a hot market and rising prices—ensure top-notch marketing, competitive pricing, and a quick launch to maximize your sale price.
Feel free to reach out if you’d like more personalized guidance for your specific situation!
