Here is an update on the Lancaster County Real Estate Market
๐ For Home Sellers
Home values continue to climb โ the average sales price rose 7% compared to last year, reaching $395,623. More homes are also changing hands, with settled units up 6%, showing that buyers are still out there and ready to move.
Homes are taking a little longer to sell, with the median days on market increasing from 7 to 10 days. This slight slowdown is normal for the season and reflects a market thatโs balancing out after a fast-paced few years.
๐ For Home Buyers
Buyers have a bit more time to make decisions, but competition remains steady. Prices are higher than last year, and interest rates have nudged up to 6.3%, so affordability remains a key factor. Still, opportunities are available โ especially for those prepared to act when the right home appears.
๐ The Bottom Line
Septemberโs numbers show a market that remains strong and steady. Prices are up, sales are solid, and while homes are taking a few extra days to sell, Lancaster County continues to be a healthy, active market for both buyers and sellers.