Is Lykens, 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, Lykens has remained a Seller's Market.
Housing Prices in Lykens, PA
How much do homes in Lykens, PA cost?
Median Sold Price
$141,000
$71/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lykens was $141,000 in May 2024, up 86.8% from last year, and the median price per square foot was $71.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $75K | $125K | +66.7% |
2 Bedrooms | $74.7K | $155.5K | +108.0% |
3 Bedrooms | $84K | $138.9K | +65.4% |
4 Bedrooms | $68.5K | $135K | +97.1% |
5+ Bedrooms | $240K | $140.1K | -41.6% |
Summary: Lykens housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 108%, 3 bedroom homes increased by 65.4%, 4 bedroom homes increased by 97.1%, and 5+ bedroom homes decreased by 41.6%.
Housing Supply in Lykens, PA
How many homes are available in Lykens, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 15 | 0.0% |
Summary: The Lykens real estate market had 15 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 8 | 7 | -12.5% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lykens 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 remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Lykens in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Lykens, PA
How long does it take to sell a home in Lykens, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 22 Days | -29.1% |
Summary: Homes in Lykens had an average of 22 days on market in May 2024, down by 29.1% compared to last year.
Breakdown of Home Sale Times
2 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, 3 homes were sold in Lykens; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.