Is Millersville, 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, Millersville has remained a Seller's Market.
Key Takeaway
Millersville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Millersville, PA
How much do homes in Millersville, PA cost?
Median Sold Price
$320,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since May 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 May 2024, up 16.4% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $257.2K | $166.7K | -35.2% |
| 2 Bedrooms | $235K | $257.5K | +9.6% |
| 3 Bedrooms | $267.9K | $311K | +16.1% |
| 4 Bedrooms | $354.9K | $372K | +4.8% |
| 5+ Bedrooms | $480K | $365K | -24.0% |
Summary: Millersville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.2%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 24%.
Median Sold Price Compared To Nearby Cities
| Millersville | $275K | $320K | +16.4% |
| Lancaster Township | $289.9K | $310.3K | +7.0% |
| Manor Township | $290.1K | $303K | +4.4% |
| Pequea Township | $340K | $343.4K | +1.0% |
Housing Supply in Millersville, PA
How many homes are available in Millersville, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 28 | +3.7% |
Summary: The Millersville real estate market had 28 homes for sale in May 2024, a 3.7% 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 | 6 | 7 | +16.7% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Millersville 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 16.7%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Millersville, expect to pay close to the asking price. 83.3% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Millersville in May 2024, up by 20.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 83% were sold at asking, and 17% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 8 Days | 89 Days | +923.2% |
Summary: Homes in Millersville had an average of 89 days on market in May 2024, up by 923.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Millersville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Millersville; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
