Real Estate Market Update for 17601 (Lancaster, PA)
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 40% from one year earlier, and down 18% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 400-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 100%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The number of units sold decreased 100% year-over-year, and decreased 100% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for 17601 (Lancaster, PA)
Area Information for 17601 (Lancaster, PA)
  • Population: 50,983
  • Median Age: 42.22 yr
  • Median Commute Time: 16.07 mins
  • Educational Climate*: 4
  • Sales Tax: 6%
  • Population Density: 1,531/sq mi
  • Population Change Since 2000: 13.41%
  • Closest Airport: Harrisburg International
  • Closest College: Pennsylvania College Of Art And Design
  • Closest Jr. College: Thaddeus Stevens College Of Technology
  • Median Household Income: $66,551
  • Annual Residential Turnover: 12.98%
  • Median Years in Residence: 4.48 yr
  • Median Home Sales Price: $184,000
  • Closest Major Sports Team: Reading Fightin Phils
  • Change Avg. Household Income Since 2000: 22%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 17601 (Lancaster, PA)
Median Age: 42.22 Married: 42% Number of Households: 20,236 Households with Children: 5,950
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 17601 (Lancaster, PA)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Chesterbrook Academy 0.8 mi Private K-K 0 0
      Bucher School 1.1 mi Public K-4 4 5
      Brecht School 1.1 mi Public K-4 3 4
      Lancaster County Academy 1.4 mi Public UNGRADE-UNGRADE 0 0
      Nitrauer School 1.5 mi Public K-5 4-5 4
      Lancaster Catholic High School 1.5 mi Catholic 9-12 0 4
      Montessori Academy Of Lancaster 1.6 mi Private PRESCHOOL-5 0 4
      Schaeffer School 1.7 mi Public K-4 3-5 4
      Landisrun Intermediate School 1.9 mi Public 5-6 0 0
      Neff School 2.0 mi Public K-4 4 5
      Dayspring Christian Academy 2.1 mi Private PRESCHOOL-12 0 4
      Manheim Twp Middle School 2.3 mi Public 7-8 4 3
      Manheim Twp High School 2.3 mi Public 9-12 4 4
      Chesterbrook Academy 2.4 mi Private PRESCHOOL-K 0 0
      Saint Leo The Great School 3.0 mi Catholic PRESCHOOL-8 0 4
      Fritz Elementary School 3.9 mi Public K-6 3-5 4
      Centerville El School 4.2 mi Public K-6 4-5 4
      Centerville Middle School 4.3 mi Public 7-8 4 0
      Chesterbrook Academy 4.4 mi Private PRESCHOOL-K 0 0
      Kindercare Learning Center 4.5 mi Private PRESCHOOL-K 0 0
      Lancaster County Christian School - Leola Campus 4.8 mi Private PRESCHOOL-12 0 0
      Conestoga Valley Sr High School 5.3 mi Public 9-12 4-5 3
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for 17601 (Lancaster, PA)
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.