The Lancaster County housing market continues to show strength as we move from midsummer into late summer. While the numbers don’t show dramatic swings, there are some interesting changes that buyers and sellers should keep in mind.
Sales Activity
August 2025: 472 settled units – July 2025: 469 settled units
📈 That’s a slight increase (1%) in closed sales, showing that buyer demand remained steady through the summer months.
Median Days to Sell
August 2025: 8 days – July 2025: 6 days
📈 Homes are taking a little longer to sell—a 33% increase in market time compared to July. While 8 days is still very fast, it suggests buyers may have just a bit more breathing room than they did in July.
Average Sales Price
August 2025: $407,719 – July 2025: $386,953
📈 Prices jumped by about 5% month-over-month (and 9% year-over-year compared to August 2024). This increase reflects strong buyer demand and limited inventory pushing prices higher.
Interest Rates
August 2025: 6.5% – July 2025: 6.7%
📉 Rates dipped slightly since July, making borrowing a bit more affordable for buyers. Even small shifts in rates can improve monthly payments and buying power.
What Sellers Should Know
- Home values are rising—August saw a healthy bump in average sale price.
- Even though homes are taking a couple of days longer to sell, the market is still very fast-paced.
- With buyers motivated by slightly lower interest rates, now is an excellent time to list.
What Buyers Should Know
- Expect to pay more—home prices have continued climbing.
- You may have a touch more time to make decisions than in July, but well-priced homes still move quickly.
- Lower interest rates work in your favor, helping offset the higher prices.
Bottom line: Unlike national reports you may have read, indicating a housing market cooling, Lancaster County’s housing market remains strong and competitive. Prices are on the rise, sales activity is steady, and interest rates are inching down.
