Is Millersville, 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, Millersville was a Seller's Market.
Key Takeaway
Millersville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Millersville, PA
How much do homes in Millersville, PA cost?
Median Sold Price
$320,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Millersville have sold for 16.4% more than they did a year ago.
Summary: The median home sold price in Millersville was $320,000 in April 2024, up 16.4% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $257.2K | $166.7K | -35.2% |
| 2 Bedrooms | $240K | $257.5K | +7.3% |
| 3 Bedrooms | $267.9K | $295K | +10.1% |
| 4 Bedrooms | $352.4K | $372K | +5.5% |
| 5+ Bedrooms | $480K | $410K | -14.6% |
Summary: Millersville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.2%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes decreased by 14.6%.
Median Sold Price Compared To Nearby Cities
| Millersville | $275K | $320K | +16.4% |
| Lancaster Township | $284.9K | $309.2K | +8.5% |
| Manor Township | $300.5K | $309.9K | +3.1% |
| Pequea Township | $354K | $339.4K | -4.1% |
Housing Supply in Millersville, PA
How many homes are available in Millersville, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 25 | 0.0% |
Summary: The Millersville real estate market had 25 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 15 | 17 | +13.3% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Millersville 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 increased by 66.7%, 3 bedroom homes increased by 13.3%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Millersville, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Millersville in April 2024, down by 42.9% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Millersville, PA
How long does it take to sell a home in Millersville, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 5 Days | 103 Days | +1840.6% |
Summary: Homes in Millersville had an average of 103 days on market in Apr 2024, up by 1840.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Millersville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Millersville; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
