Is Lower Allen Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Lower Allen Township was a Neutral Market.
Key Takeaway
Lower Allen Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lower Allen Township, PA
How much do homes in Lower Allen Township, PA cost?
Median Sold Price
$268,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lower Allen Township have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Lower Allen Township was $268,000 in April 2024, up 7.2% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $71.2K | $100.5K | +41.1% |
| 2 Bedrooms | $200K | $219.5K | +9.8% |
| 3 Bedrooms | $248.4K | $269K | +8.3% |
| 4 Bedrooms | $392.6K | $375K | -4.5% |
| 5+ Bedrooms | $587.5K | $775K | +31.9% |
Summary: Lower Allen Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.1%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 31.9%.
Median Sold Price Compared To Nearby Cities
| New Cumberland | $245K | $265K | +8.2% |
| Lower Allen Township | $250K | $268K | +7.2% |
| New Cumberland | $249K | $265K | +6.4% |
| Camp Hill | $275K | $280K | +1.8% |
Housing Supply in Lower Allen Township, PA
How many homes are available in Lower Allen Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 41 | 42 | +2.4% |
Summary: The Lower Allen Township real estate market had 42 homes for sale in April 2024, a 2.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 23 | 25 | +8.7% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Lower Allen Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Allen Township, you could pay more than the asking price. 91.7% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Lower Allen Township in April 2024, down by 14.3% month-over-month. Of the 12 sold homes, 0% were sold under asking, 8% were sold at asking, and 92% were sold over asking.
Days on Market for Lower Allen Township, PA
How long does it take to sell a home in Lower Allen Township, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 10 Days | 11 Days | +5.9% |
Summary: Homes in Lower Allen Township had an average of 11 days on market in Apr 2024, up by 5.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lower Allen Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in Lower Allen Township; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
