Real Estate Market Update for Lancaster, PA
Welcome to January's Market Update. Lets take a look at residential real-estate activity in your area during the month of December. The number of active listings was down 24% from one year earlier, and down 19% 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 250-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 38%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 180-thousand dollars. The number of units sold increased 2% year-over-year, and decreased 3% 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: 60,894
  • Median Age: 33.37 yr
  • Median Commute Time: 20 mins
  • Educational Climate*: 3
  • Sales Tax: 6%
  • Population Density: 8,421/sq mi
  • Population Change Since 2000: 7.49%
  • Closest Airport: Harrisburg International
  • Closest College: Pennsylvania College Of Art And Design
  • Closest Jr. College: Thaddeus Stevens College Of Technology
  • Median Household Income: $34,365
  • Annual Residential Turnover: 17%
  • Median Home Sales Price: $88,000
  • Closest Major Sports Team: Reading Fightin Phils (aa)
  • Change Avg. Household Income Since 2000: 24.59%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Lancaster, PA
Median Age: 33.37 Married: 25% Number of Households: 22,480 Households with Children: 6,631
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 School Rating Parent Rating
      Ross Elementary School 0.3 mi Public K-5 1 0
      St Anne School 0.4 mi Catholic PRESCHOOL-8 0 0
      Brecht School 0.5 mi Public K-4 4 0
      Thomas Wharton Elementary School 0.5 mi Public K-5 2 0
      Owl Hill Learning Center V 0.6 mi Private - 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 0
      Reynolds Middle School 0.9 mi Public 6-8 1 0
      Sacred Heart School 1.0 mi Catholic PRESCHOOL-8 0 0
      Fulton Elementary School 1.1 mi Public PRESCHOOL-5 1 0
      Schaeffer School 1.2 mi Public K-4 4 0
      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 0
      Wickersham Elementary School 1.3 mi Public K-5 1 0
      Resurrection Catholic School 1.3 mi Catholic K-8 0 0
      La Academia-the Partnership Charter School 1.4 mi Public 6-12 0 4
      Wonder Club School 1.4 mi Private PRESCHOOL-K 0 0
      Lincoln Middle School 1.5 mi Public 6-8 1 0
      Carter And Macrae Elementary School 1.5 mi Public K-5 1 0
      King Elementary School 1.5 mi Public PRESCHOOL-5 1 0
      James Buchanan Elementary School 1.6 mi Public K-5 1 0
      Hope Academy Of Lancaster 1.6 mi Private 4-6 0 0
      Phoenix Academy 1.7 mi Public 7-12 0 0
      Wheatland Middle School 1.8 mi Public 6-8 1 0
      Burrowes School 1.8 mi Public K-5 1 0
      Lancaster County Academy 1.8 mi Public UNGRADE-UNGRADE 0 0
      Hand Middle School 1.8 mi Public 6-8 1 0
      George Washington Elementary School 1.9 mi Public K-5 0 0
      Price Elementary School 1.9 mi Public PRESCHOOL-5 1 0
      Lafayette El School 2.0 mi Public PRESCHOOL-5 1 0
      Nitrauer School 2.1 mi Public K-4 5 0
      Way Of Jesus Academy 2.2 mi Private - 0 0
      Jcal Academy At The Lancaster Jcc 2.2 mi Private - 0 0
      Schreiber Pediatric Rehab Center 2.2 mi Private - 0 0
      Bucher School 2.3 mi Public K-4 4 0
      Owl Hill Learning Center 2.3 mi Private - 0 0
      Hamilton Elementary School 2.3 mi Public K-5 1 0
      Rohrerstown Elementary School 2.6 mi Public K-6 4 0
      Chesterbrook Academy 2.8 mi Private PRESCHOOL-K 0 0
      Montessori Academy Of Lancaster 2.9 mi Private PRESCHOOL-6 0 0
      St Leo The Great School 2.9 mi Catholic PRESCHOOL-8 0 0
      Lancaster County Christian School 3.1 mi Private K-6 0 0
      Neff School 3.2 mi Public K-4 4 0
      Landis Run Intermediate School 3.2 mi Public 5-6 0 0
      Manheim Twp Middle School 3.2 mi Public 7-8 5 0
      Manheim Twp High School 3.2 mi Public 9-12 4 3
      Elizabeth R Martin Elementary School 3.4 mi Public K-8 1 0
      Fritz El School 4.0 mi Public K-6 4 0
      The Jenkins School 4.4 mi Private PRESCHOOL-K 0 0
      Centerville Elementary School 4.5 mi Public K-6 5 0
      Oak Grove Amish School 4.5 mi Private 1-8 0 0
      Centerville Middle School 4.5 mi Public 7-8 5 0
      Kindercare Learning Center 4.5 mi Private PRESCHOOL-K 0 0
      Manor Middle School 4.6 mi Public 7-8 4 0
      Conestoga Valley Senior High School 4.8 mi Public 9-12 4 3
      Hambright El School 4.9 mi Public K-6 2 0
      Lancaster Mennonite School-lancaster Campus 4.9 mi Private 6-12 0 5
      Lancaster Mennonite School - Locust Grove 5.0 mi Private PRESCHOOL-6 0 0
      Lancaster County Christian School - Leola Campus 5.0 mi Private PRESCHOOL-12 0 0
      Hartman Station Amish School 5.1 mi Private K-8 0 0
      Lancaster Mennonite School New Danville 5.1 mi Private PRESCHOOL-5 0 0
      Conestoga Valley Middle School 5.2 mi Public 7-8 4 0
      Rockvale Amish School 5.3 mi Private 1-8 0 0
      Witmer Amish School 5.3 mi Private 1-8 0 0
      Smoketown Amish School 5.4 mi Private - 0 0
      Greenland School 5.6 mi Private - 0 0
      Smoketown El School 5.6 mi Public K-6 3 0
      Blue Rock Mennonite School 5.8 mi Private 1-10 0 0
      Lampeter Elementary School 5.9 mi Public K-2 0 0
      Lampeter-strasburg Senior High School 5.9 mi Public 9-12 4 4
      Martin Meylin Middle School 5.9 mi Public 6-8 5 0
      Rocky Springs School 6.1 mi Private - 0 0
      Rocky Ridge School 6.5 mi Private - 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: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Lancaster, PA
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 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.