Lake Township Housing Market Report January 2025•Wayne County, Pennsylvania

hero building illustration for mobile

Housing Prices in Lake Township, PA

How much do homes in Lake Township, PA cost?

Housing Market Conditions

Is Lake Township, PA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Lake Township is a Neutral Market

Difference Since January 2024

At the same time last year, Lake Township was a Seller's Market.

Insight

Lake Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$280,000$165/SqFt
-$3,000
-1.1%

Based on all homes sold in the last 12 months

Insight

Homes in Lake Township have sold for 1.1% less than they did a year ago.

Summary: The median home sold price in Lake Township was $280,000 in January 2025, down 1.1% from last year, and the median price per square foot was $165.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Salem Township
+8.7%
Lake Ariel
+6.2%
Lake Township
-1.1%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$109K-
N/A
2$211.2K$225K
+6.5%
3$261.5K$265K
+1.3%
4$305K$330K
+8.2%
5$385K$309.4K
-19.6%

Summary: Lake Township housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +6.5%. The home price for 3 bedroom homes increased by +1.3%. The home price for 4 bedroom homes increased by +8.2%. The home price for 5 bedroom homes decreased by -19.6%.

Housing supply in Lake Township, PA

How many homes are available in Lake Township, PA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
41Last MonthJan 2025
312 months agoDec 2024
+32.3 %
Change MoMDec – Jan

Summary: The Lake Township real estate market had 41 homes for sale in Jan 2025, a 32.3 % increase compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
8Last MonthJan 2025
182 months agoDec 2024
-55.6 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
100
0.0%
221
-50.0%
32129
+38.1%
445
+25.0%
546
+50.0%

Summary: Lake Township housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -50.0%. The inventory for 3 bedroom homes increased by +38.1%. The inventory for 4 bedroom homes increased by +25.0%. The inventory for 5 bedroom homes increased by +50.0%.

Asking Price vs. Sold Price

How much do homes in Lake Township, PA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price2 Homes

Under Asking Price5 Homes

Insight

If you're buying a home in Lake Township, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Lake Township in January 2025, down by 55.6% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and and 13% were sold over asking.

Days on Market for Lake Township, PA

How long does it take to sell a home in Lake Township, PA?

Breakdown of Home Sale Times

Under 30 Days5 Homes

30 – 90 Days2 Homes

Over 90 Days1 Home

Insight

Many homes in Lake Township are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 8 homes were sold in Lake Township; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
41 DaysThis YearJan 2025
80 Days1 year agoJan 2024
-49.3 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Lake Township had an average listing age of 41 days in Jan 2025, down by 49.3% compared to the previous year.

Connect With An Agent

Local real estate agents are ready to help you find a home here

Sell My Home

Sell your home with an expert or get the job done on your own.

Get Approved

Get a customizable mortgage solution based on today's rates.

Newest Listings in Lake Township, PA

What homes are available in Lake Township, PA?

See More Listings

Nearby markets

Nearby markets aren't available for Lake Township, PA

Popular Cities with Homes for Sale in Pennsylvania

MLS Disclaimers and Copyright

Based on information from Pike/Wayne Association of Realtors MLS, Greater Scranton MLS, Pocono Mountains Association of Realtors MLS, and Greater Lehigh Valley MLS for the period 02/01/2023 - 02/01/2025

© 2025 Pike Wayne Association of REALTORS MLS. Information displayed on this website on listings other than those of the website owner is displayed with permission of the Pike Wayne Association of REALTORS and Broker/Participants of the Pike Wayne MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is from sources deemed reliable but is not guaranteed. Prospective buyers should verify information independently.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/8/2025, 8:15:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information provided by the Greater Scranton Board of REALTORS® MLS. Information is for consumers personal noncommercial use, and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing. Consult the specific municipality for permitted Zoning uses. IDX Listings courtesy of Greater Scranton MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.


Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/8/2025, 8:16:00 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXThe data relating to real estate for sale on this web site includes listings held by MLS IDX Participants of the Internet Data Exchange Program of the Multiple Listing Service of the Pocono Mountain Association of Realtors®. Listings marked with the Internet Data Exchange logo are not necessarily the listings of the owner of this web site. All listing data is the copyrighted property of the aforesaid Association and its MLS IDX Participants with all rights reserved. The information contained herein is believed to be accurate, but no warranty as such is expressed of implied.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/8/2025, 8:16:00 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Lehigh Valley REALTORS®. The MLS Listing Information has not been verified and is not guaranteed by MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.
Copyright © 2025 Greater Lehigh Valley REALTORS® All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/8/2025, 8:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.