Is Lancaster, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lancaster is a seller's market

Buyer's
Market

Difference Since May 2021

At the same time last year, Lancaster was a Buyer's Market.

Key Takeaway

Lancaster is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Lancaster, MA cost?

Median Sold Price

$497,000

$252/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$64,000(+14.8%)

Key Takeaway

Homes in Lancaster have sold for 14.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $250K$202K
-19.2%
2 $317.5K$430K
+35.4%
3 $399.9K$450K
+12.5%
4 $513K$630K
+22.8%
5+ $580.3K$500K
-13.8%

Median Sold Price Compared To Nearby Cities

Harvard
+26.4%
Lancaster
+14.8%
Bolton
+10.7%
Clinton
+4.2%

How many homes are available in Lancaster, MA?

Number of Homes For Sale

Apr 2022May 2022%
2732+18.5%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 20
-100.0%
2 59
+80.0%
3 1010
0.0%
4 810
+25.0%
5+ 23
+50.0%

Number of Homes Sold

Apr 2022May 2022%
660.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lancaster, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Average Sale Time

May 2021May 2022%
29 Days14 Days-51.7%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Lancaster, MA

Number of homes for sale in Lancaster, MA real estate market have reached 32. The number of homes for sale in Lancaster, MA increased by 18.5% between April 2022 and May 2022. In May 2022 median list price was $497,000 and the average listing age was 14 days. Real estate listing prices changed between April 2022 and May 2022: the cost of 1 bedroom properties went down by 19.2%, 2 bedrooms properties prices increased by 35.4%, 3 bedrooms properties became 12.5% more expensive, the cost of 4 bedrooms properties went up by 22.8%, prices of 5 bedrooms properties went down by 13.8%. Housing inventory have changed in this real estate market: number of 1 bedroom homes decreased by 100%, 2 bedrooms homes inventory increased by 80%, the quantity of 3 bedrooms homes have not changed, volume of 4 bedrooms homes went up by 25%, volume of 5 bedrooms homes went up by 50%. Over 2 listings were sold over their listed price in May 2022 in Lancaster, MA. In the same period over 1 listings were sold below the listed price and 3 listings were sold for the listed price.

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