Housing Prices in Lancaster, TN
How much do homes in Lancaster, TN cost?
Median List Price
$455,000
$239/sqft
Based on all homes listed in the last 12 months.
Difference Since May 2023
Key Takeaway
The list price of homes in Lancaster has decreased by 23.4% since last year.
Summary: The median home list price in Lancaster was $455,000 in May 2024, down 23.4% from the previous year, and the median price per square foot was $239.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $279.9K | N/A |
| 2 Bedrooms | $380K | $449K | +18.2% |
| 3 Bedrooms | $612.4K | $609.4K | -0.5% |
| 4 Bedrooms | - | $354.9K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Lancaster housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.2%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median List Price Compared To Nearby Cities
| Elmwood | $320.5K | $331.9K | +3.6% |
| Hickman | $393.4K | $405K | +2.9% |
| Silver Point | $499.4K | $461.9K | -7.5% |
| Lancaster | $593.9K | $455K | -23.4% |
| Buffalo Valley | $399.9K | $279.4K | -30.1% |
Housing Supply in Lancaster, TN
How many homes are available in Lancaster, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Summary: The Lancaster real estate market had 7 homes for sale in May 2024, a 16.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lancaster housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Days on Market for Lancaster, TN
How long does it take to sell a home in Lancaster, TN?
Average Listing Age
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 121 Days | 83 Days | -31.2% |
Summary: Homes in Lancaster had an average listing age of 83 days in May 2024, down by 31.2% compared to the previous year.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.