The Lancaster County real estate market continued its upward momentum in November, showing strong buyer demand and steady price growth even as we head into the slower winter season. Below is a breakdown of the latest trends based on market statistics from Bright MLS and MarketStats by ShowingTime.
Closed Sales & Market Activity
November saw 426 closed sales, marking a 10.1% increase compared to November 2024. This jump in closed transactions is one of the clearest signs that buyer activity remains healthy and competitive.
- New listings: 384 (up 0.8% from last year, but down 25.9% from October)
- New pendings: 411 (unchanged year-over-year, but down 16.3% from October)
Seasonality played a role, but overall activity remains above the 5-year November averages for both new listings and pendings.
Home Prices Holding Strong
Home values remained steady with modest growth:
- Average Sold Price: $392,377
- A 7.22% increase from November 2024
This marks another month where prices show resilience, supported by continued buyer demand in a limited-inventory environment.
Seller Advantage: SP to OLP Ratio at 103.5%
Homes sold for an average of 103.5% of their original list price, the highest level in at least the past year.
This signals:
- Strong competition among buyers
- Well-priced homes often receiving multiple offers
- Minimal negotiation room for buyers
Days on Market: Still Moving Quickly
The average days on market (DOM) for sold homes was 18 days which aligned with typical seasonal trends and below the 5-year average. Properties continue to go under contract relatively quickly.
Inventory Slowly Building — but Still Tight
Active inventory ticked up:
- 581 active listings, a 2.47% increase from November 2024
- This is also the highest active inventory within the recent 5-year November range
Although inventory is improving slightly, the market remains undersupplied compared to peak buying interest.
What This Means for Buyers & Sellers
For sellers, this remains an excellent time to list. Homes are selling quickly, often above list price, and competition is still strong despite slightly higher inventory levels.
For buyers, the market is competitive, but rising inventory provides more options. Be prepared to act quickly and make strong offers—especially for well-priced homes in desirable areas.
The Bottom Line
Lancaster County continues to be a strong and steady real estate market with healthy demand, rising prices, and active movement across both detached and attached segments. Whether you’re thinking of buying, selling, or simply staying informed, these trends show a balanced yet competitive landscape heading into the new year.
If you’d like a personalized market analysis or want to know what your home is worth in today’s market, our team would be happy to help!