The latest numbers are in for July 2025, and Lancaster County’s housing market shows subtle shifts that both buyers and sellers will want to note.
Sales Activity
Closed home sales saw a slight dip compared to last July—469 homes settled this year vs. 475 last year, a modest 1% decrease. This small change indicates that while demand remains strong, there may be slightly less competition among buyers than in summer 2024.
Speed of Sales
Homes are still selling fast. The median days on market is just 6 days. This means well-priced homes are still moving quickly, and sellers should be prepared for a swift sale once their property hits the market.
Pricing Trends
Prices remain stable, with just a 0.3% increase in the average sales price—$386,953 this year compared to $385,751 last year. While the increase is small, it reflects continued market strength and resilience.
Interest Rates
Although there is not much difference between the posted rates this July compared to last, it’s the overall financial market chatter that rates are moving downward that is instilling hope in both market analysts and consumers alike. Any reduction in rates provides incentive for homeowners to let go of their current, super low rate which means more inventory to choose from. Lower rates also provide more buying power for buyers.
What This Means for Sellers
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Your home may sell quickly—be ready to move once your property hits the market.
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Pricing remains strong, so you can feel confident in setting a competitive asking price.
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The slight dip in closed sales means it’s still important to market your home well to attract motivated buyers.
What This Means for Buyers
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The market is still competitive, but slightly fewer sales could give you more breathing room.
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Faster days on market mean you should be ready to act quickly when you find the right home.
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Lower rates equals more inventory and more affordable loans.
Bottom line: Lancaster County’s real estate market remains active and balanced, with slight advantages for both buyers and sellers. Whether you’re planning to list your home or start your search, staying prepared and informed will help you succeed in today’s market.
