Is Lancaster, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lancaster has remained a Seller's Market.
Housing Prices in Lancaster, SC
How much do homes in Lancaster, SC cost?
Median Sold Price
$305,198
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lancaster was $305,198 in April 2024, up 10.1% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $71K | N/A |
2 Bedrooms | $179.9K | $175K | -2.8% |
3 Bedrooms | $255K | $275K | +7.8% |
4 Bedrooms | $375.5K | $400K | +6.5% |
5+ Bedrooms | $537.5K | $536.4K | -0.2% |
Summary: Lancaster housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 0.2%.
Housing Supply in Lancaster, SC
How many homes are available in Lancaster, SC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
270 | 275 | +1.9% |
Summary: The Lancaster real estate market had 275 homes for sale in April 2024, a 1.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 30 | 31 | +3.3% |
3 Bedrooms | 170 | 172 | +1.2% |
4 Bedrooms | 51 | 46 | -9.8% |
5+ Bedrooms | 19 | 24 | +26.3% |
Summary: The Lancaster housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes increased by 26.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
71 | 52 | -26.8% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 52 homes were sold or pending in Lancaster in April 2024, down by 26.8% month-over-month. Of the 52 sold homes, 42% were sold under asking, 27% were sold at asking, and 31% were sold over asking.
Days on Market for Lancaster, SC
How long does it take to sell a home in Lancaster, SC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
42 Days | 44 Days | +3.1% |
Summary: Homes in Lancaster had an average of 44 days on market in Apr 2024, up by 3.1% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During April 2024, 52 homes were sold in Lancaster; 56% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.