Is Red Lion, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Red Lion has remained a Seller's Market.
Housing Prices in Red Lion, PA
How much do homes in Red Lion, PA cost?
Median Sold Price
$259,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Red Lion was $259,000 in May 2024, up 5.8% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $45K | N/A |
2 Bedrooms | $183.4K | $255K | +39.0% |
3 Bedrooms | $237K | $246K | +3.8% |
4 Bedrooms | $299K | $290K | -3.0% |
5+ Bedrooms | $192.5K | $325K | +68.8% |
Summary: Red Lion housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 39%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 68.8%.
Median Sold Price Compared To Nearby Cities
Red Lion | $244.7K | $259K | +5.8% |
Windsor Township | $289.5K | $300K | +3.6% |
York Township | $239.9K | $239.1K | -0.3% |
Housing Supply in Red Lion, PA
How many homes are available in Red Lion, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
73 | 78 | +6.8% |
Summary: The Red Lion real estate market had 78 homes for sale in May 2024, a 6.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 15 | 10 | -33.3% |
3 Bedrooms | 35 | 39 | +11.4% |
4 Bedrooms | 19 | 26 | +36.8% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Red Lion housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 36.8%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 14 | -33.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Red Lion in May 2024, down by 33.3% month-over-month. Of the 14 sold homes, 36% were sold under asking, 21% were sold at asking, and 43% were sold over asking.
Days on Market for Red Lion, PA
How long does it take to sell a home in Red Lion, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 13 Days | -43.8% |
Summary: Homes in Red Lion had an average of 13 days on market in May 2024, down by 43.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Red Lion; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.