Market Report & Homes Sales: Line Lexington PA 18932 for November 2014
The median sales price for homes in Line Lexington PA for August 14 to November 14 was $335,000. This represents an increase of 65%, or $132,000, compared to the prior quarter and an increase of 0% compared to the prior year.
Sales prices have appreciated 49.9% over the last 5 years in Line Lexington. The average listing price for Line Lexington homes for sale was $493,754 for the week ending November 5, which represents an increase of 0%, or $0, compared to the prior week and a decline of 0.9%, or $4,529, compared to the week ending October 15.
Average price per square foot for Line Lexington PA was $117, an increase of 0% compared to the same period last year.
Line Lexington Summary
The median sales price for homes in Line Lexington PA for August 14 to November 14 was $335,000 based on 1 home sales.
Compared to the same period one year ago, the median home sales price increased 0%, or $335,000, and the number of home sales increased 0%. There are currently 7 resale and new homes in Line Lexington.
The average listing price for homes for sale in Line Lexington PA was $493,754 for the week ending November 5, which was unchanged compared to the prior week.
Buying vs. Renting?
AND THE WINNER IS . . .
Is it better to buy or rent? Whether renting is better than buying depends on many factors. Low mortgage rates are helping to keep home buying more affordable. According to one analysis homeownership is 38% cheaper than renting in the 100 largest metro areas.
Assuming the following:
- Buy a home with 20% down, borrowing the rest over 30 years at a fixed rate of 4.5%.
- Itemize your federal tax deductions and are in the 25% tax bracket
- Stay in your home for at least seven years
- Home prices appreciate at a fairly conservative 2% annual rate
- Source: Trend MLS and Realtor.com
Comments(1)