Here is a chart I made detailing the changes in Lancaster County home sales and median sales prices since January 2007:
Interestingly, the two lowest-priced districts had very different price figures. Lancaster City currently has a median sales price of $105,000 and it's stayed right there for 2 years...but Columbia Borough home sales have seen a median price drop of 22% during the same time frame. Columbia is currently running at $64,900 median sales price. A good opportunity?
At the other end of the price spectrum, Hempfield School district has the highest median sales price at $227,000. In fact, the median price has gone up 14% for Hempfield homes for sale, the highest increase in all Lancaster County.
Lancaster County median home sales prices fell a modest 8%, with sales off 22% in the same period. Knowledgable Lancaster PA realtors should know this, though - it matches their "gut".
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For Lancaster PA homes for sale click here. Jeff Geoghan is a top real estate expert in Lancaster County, PA, and an involved community member. Jeff's work has been featured in the Lancaster Newspapers, WGAL Channel 8, PA Business Journal and Wall Street Journal. Jeff's blog on Lancaster County and its homes is nationally-featured. Contact Jeff for more help with your Lancaster PA Real Estate needs. Jeff is also a photographer - view some of his lancaster pa photography portfolio. Comments are welcome!
Crossgates in Millersville has just lowered the prices on their homes for the first time ever. That will affect median prices in Penn Manor.