Lancaster County, October 14, 2025
News Summary
The Lancaster County real estate market has shown resilience despite a slight dip in median sold prices. The median price fell to $355,000 in September, a 2.7% decrease from August, yet new listings and pending sales have increased. The market is witnessing improved activity, with higher seller confidence indicated by the strongest September since 2022. Lancaster County continues to be recognized nationally as a hot housing market, with homes selling quickly, highlighting both affordability and good access to urban centers.
Lancaster County Real Estate Market Shows Signs of Resilience Despite Slight Price Dip
The median residential real estate sold price in Lancaster County decreased to $355,000 in September, representing a 2.7% drop from August’s record of $365,000. Despite this slight decline, the market displays resilience with signs of increased activity, including higher new listings and pending sales.
New listings rose to 526 in September, an increase of 11% from August and 15% compared to September of the previous year. This surge indicates the strongest September since 2022 and reflects improved seller confidence in the market. In addition, new pending sales in September reached 468, which is a 2% increase from the previous month and marks a year-over-year increase of 3.8%.
Closed sales in September totaled 429, which shows a decline of 11.9% from August but an increase of 10.9% compared to September 2024. Homes in Lancaster County continued to sell promptly, averaging 25 days on the market, similar to the timeframe in August but quicker than the same time last year.
The average sale-to-list ratio for homes was 101.8%, indicating that most homes sold for nearly full price or above asking price for competitively priced listings. This trend suggests a competitive market environment, even in the face of economic uncertainties.
Jeff Peters, the Immediate Past President of the Lancaster County Association of Realtors, commented on the market’s strength despite ongoing economic fluctuations. Factors such as potential reductions in interest rates could significantly influence future buyer activity, possibly attracting more sellers interested in entering the market. Currently, interest rates are at historically low levels, prompting both buyers and sellers to consider their options.
The Pennsylvania Association of Realtors has not yet released its statewide report for September. However, data from August indicates that the statewide median home sales price was $319,250. This price follows a preceding decline from $320,000 in July, after a record high of $325,000 in June.
Significantly, Lancaster has gained national recognition, being ranked as the No. 4 hottest housing market in the U.S., with homes averaging just five days on the market. Residents and agents believe this appeal stems from the area’s affordability combined with excellent access to major urban centers like Philadelphia and Baltimore.
The city is also noted for its walkability, vibrant dining scene, and cultural offerings that blend seamlessly with a small-town ambiance. A recent report highlighted that demand for housing in Lancaster County continues to outpace supply, which poses challenges for prospective buyers.
In addition to current market trends, upcoming property reassessments in Lancaster County will take place, with homeowners receiving crucial information about the process and necessary preparations. The new assessment, effective on January 1, 2027, aims to ensure fair taxation relative to property values. Some homeowners may see their taxes reduced, remain the same, or potentially increase. Property owners can expect to receive a notice of the new assessed value by June 2026.
Key Market Statistics
- Median Sold Price (September): $355,000
- New Listings (September): 526
- New Pending Sales (September): 468
- Closed Sales (September): 429
- Averaged Days on Market: 25
- Average Sale-to-List Ratio: 101.8%
FAQ
What was the median residential real estate sold price in Lancaster County for September?
The median residential real estate sold price in Lancaster County decreased to $355,000 in September.
How much did the median sold price drop from August to September?
The median sold price decreased by 2.7% from August’s record of $365,000.
What was the number of new listings in Lancaster County for September?
New listings rose to 526 in September.
How does the number of new pending sales in September compare to August?
New pending sales in September reached 468, which represents a 2% increase from the previous month.
What is the average sale-to-list ratio for homes in Lancaster County?
The average sale-to-list ratio for homes was 101.8%.
When will upcoming property reassessments become effective?
The new assessment will be effective on January 1, 2027.
Key Features Chart
| Feature | Value |
|---|---|
| Median Sold Price (September) | $355,000 |
| New Listings (September) | 526 |
| New Pending Sales (September) | 468 |
| Closed Sales (September) | 429 |
| Average Days on Market | 25 |
| Average Sale-to-List Ratio | 101.8% |
| Effective Date of New Assessment | January 1, 2027 |
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Additional Resources
- Lancaster Online: Median Sold Price Drops
- Central Penn Business Journal: Real Estate Market Showing Strength
- Fox43: Lancaster Ranked Hottest Housing Market
- KLKN TV: Property Valuations Defense
- WGAL: Upcoming Property Reassessment
- Wikipedia: Lancaster County, Pennsylvania
- Google Search: Lancaster County real estate
- Google Scholar: Lancaster County housing market
- Encyclopedia Britannica: Lancaster County
- Google News: Lancaster County real estate
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