Is Lansford, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lansford was a Buyer's Market.
Key Takeaway
Lansford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lansford, PA
How much do homes in Lansford, PA cost?
Median Sold Price
$86,000
$57/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lansford have sold for 22.9% more than they did a year ago.
Summary: The median home sold price in Lansford was $86,000 in May 2024, up 22.9% from last year, and the median price per square foot was $57.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $51.5K | $49.9K | -2.9% |
| 3 Bedrooms | $75K | $83.5K | +11.3% |
| 4 Bedrooms | $110K | $102K | -7.3% |
| 5+ Bedrooms | $80K | $111K | +38.8% |
Summary: Lansford 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 decreased by 2.9%, 3 bedroom homes increased by 11.3%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes increased by 38.8%.
Median Sold Price Compared To Nearby Cities
| Lansford | $70K | $86K | +22.9% |
| Nesquehoning | $155K | $149.9K | -3.3% |
Housing Supply in Lansford, PA
How many homes are available in Lansford, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 36 | 42 | +16.7% |
Summary: The Lansford real estate market had 42 homes for sale in May 2024, a 16.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 12 | 19 | +58.3% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The Lansford 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 increased by 42.9%, 3 bedroom homes increased by 58.3%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lansford, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Lansford in May 2024, the same as the previous month. Of the 10 sold homes, 50% were sold under asking, 10% were sold at asking, and 40% were sold over asking.
Days on Market for Lansford, PA
How long does it take to sell a home in Lansford, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 115 Days | 28 Days | -75.3% |
Summary: Homes in Lansford had an average of 28 days on market in May 2024, down by 75.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lansford are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Lansford; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
