Real Estate Market Update for Lancaster, PA
Welcome to March's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 30% from one year earlier, and up 12% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 140-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up more than 600%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 150-thousand dollars. The number of units sold increased 50% year-over-year, and decreased 50% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. 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.
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Map Information for Lancaster, PA
Area Information for Lancaster, PA
  • Population: 60,709
  • Median Age: 29.83 yr
  • Median Commute Time: 17.1 mins
  • Educational Climate*: 3
  • Sales Tax: 6%
  • Population Density: 8,402/sq mi
  • Population Change Since 2000: 7.78%
  • Closest Airport: Harrisburg International
  • Closest College: Lancaster Theological Seminary
  • Closest Jr. College: Thaddeus Stevens College Of Technology
  • Median Household Income: $32,627
  • Annual Residential Turnover: 24.22%
  • Median Years in Residence: 2.74 yr
  • Median Home Sales Price: $85,250
  • Closest Major Sports Team: Reading Fightin Phils
  • Change Avg. Household Income Since 2000: 9%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Lancaster, PA
Median Age: 29.83 Married: 20% Number of Households: 22,168 Households with Children: 7,608
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 Lancaster, PA

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Ross El School 0.3 mi Public K-5 1 3
      St Anne School 0.4 mi Catholic PRESCHOOL-8 0 4
      Brecht School 0.5 mi Public K-4 3 4
      Thomas Wharton El School 0.5 mi Public K-5 1 4
      College Hill Children's Center 0.6 mi Private K-K 0 0
      Buehrle Alternative Ed School 0.8 mi Public 6-12 0 0
      Lancaster Catholic High School 0.8 mi Catholic 9-12 0 4
      Lancaster Country Day School 0.9 mi Private PRESCHOOL-12 0 4
      Reynolds Middle School 0.9 mi Public 6-8 1 3
      Sacred Heart School 1.0 mi Catholic K-8 0 4
      Wonder Club School 1.1 mi Private PRESCHOOL-K 0 5
      Fulton El School 1.1 mi Public PRESCHOOL-5 1 4
      Schaeffer School 1.2 mi Public K-4 3-5 4
      Chesterbrook Academy 1.2 mi Private K-K 0 0
      Mccaskey Campus 1.3 mi Public 9-12 1 3
      New School Of Lancaster 1.3 mi Private PRESCHOOL-8 0 5
      Wickersham El School 1.3 mi Public K-5 2 4
      Resurrection Catholic School 1.3 mi Catholic K-8 0 0
      La Academia-the Partnership Charter School 1.4 mi Public 6-12 1 3
      Dayspring Christian Academy 1.5 mi Private PRESCHOOL-12 0 4
      Carter And Macrae El School 1.5 mi Public K-5 1 3
      Lincoln Middle School 1.5 mi Public 6-8 1 3
      King El School 1.5 mi Public PRESCHOOL-5 1 5
      James Buchanan El School 1.6 mi Public K-5 1 5
      Phoenix Academy 1.7 mi Public 7-12 0 0
      Burrowes School 1.8 mi Public K-5 1 0
      Wheatland Middle School 1.8 mi Public 6-8 1 4
      Lancaster County Academy 1.8 mi Public UNGRADE-UNGRADE 0 0
      Hand Middle School 1.8 mi Public 6-8 1 2
      George Washington El School 1.9 mi Public K-5 1 2
      Price El School 1.9 mi Public PRESCHOOL-5 1 5
      Lafayette El School 2.0 mi Public PRESCHOOL-5 1 2
      Nitrauer School 2.1 mi Public K-5 4-5 4
      Bucher School 2.3 mi Public K-4 4 5
      Hamilton El School 2.3 mi Public K-5 1 4
      Rohrerstown El School 2.5 mi Public K-6 3-5 4
      Chesterbrook Academy 2.8 mi Private PRESCHOOL-K 0 0
      Hambright El School 2.9 mi Public K-6 2-5 4
      Montessori Academy Of Lancaster 2.9 mi Private PRESCHOOL-5 0 4
      St Leo The Great School 3.0 mi Catholic PRESCHOOL-8 0 4
      Landis Run Intermediate School 3.1 mi Public 5-6 0 0
      Lancaster County Christian School-west Lampeter 3.1 mi Private K-8 0 3
      Neff School 3.2 mi Public K-4 4 5
      Elizabeth R Martin El School 3.4 mi Public K-5 2 3
      Manheim Twp Middle School 3.5 mi Public 7-8 4 3
      Manheim Twp High School 3.5 mi Public 9-12 4 4
      Fritz El School 3.9 mi Public K-6 3-5 4
      Central Penn Christian School 4.0 mi Private PRESCHOOL-8 0 0
      The Jenkins School 4.4 mi Private PRESCHOOL-K 0 0
      Chesterbrook Academy 4.4 mi Private PRESCHOOL-K 0 0
      Centerville El School 4.5 mi Public K-6 4-5 4
      Centerville Middle School 4.5 mi Public 7-8 4 0
      Kindercare Learning Center 4.5 mi Private PRESCHOOL-K 0 0
      Manor Middle School 4.6 mi Public 7-8 3-5 1
      Conestoga Valley Senior High School 4.9 mi Public 9-12 4-5 3
      Lancaster Mennonite School-lancaster Campus 4.9 mi Private 6-12 0 4
      Lancaster Mennonite School - Locust Grove 5.0 mi Private PRESCHOOL-8 0 5
      Lancaster County Christian School - Leola Campus 5.0 mi Private PRESCHOOL-12 0 0
      Lancaster Mennonite School New Danville 5.0 mi Private PRESCHOOL-5 0 5
      Conestoga Valley Middle School 5.2 mi Public 7-8 4 4
      Witmer Amish School 5.3 mi Private 1-8 0 0
      Greenland Amish School 5.5 mi Private K-8 0 0
      Smoketown El School 5.6 mi Public K-6 3 4
      Lampeter-strasburg Senior High School 5.9 mi Public 9-12 4-5 3
      Lampeter El School 5.9 mi Public K-2 0 0
      Martin Meylin Middle School 5.9 mi Public 6-8 4-5 5
      Blue Rock Mennonite School 6.0 mi Private 1-11 0 0
      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 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.