$9,381 Closing Credit*
$790,000
2,630 SqFt
4 Beds
•2 Full Baths, 1 Partial
#73299005, Cathy Clark, Listing Office: eXp Realty
Is Lancaster, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Lancaster has remained a Seller's Market.
Key Takeaway
Lancaster is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lancaster, MA
How much do homes in Lancaster, MA cost?
Median Sold Price
$559,000
$290/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$76,500(+15.9%)
Key Takeaway
Homes in Lancaster have sold for 15.9% more than they did a year ago.
Summary: The median home sold price in Lancaster was $559,000 in September 2024, up 15.9% from last year, and the median price per square foot was $290.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $223K | N/A |
| 2 Bedrooms | $442.4K | $475K | +7.4% |
| 3 Bedrooms | $460K | $550.2K | +19.6% |
| 4 Bedrooms | $599.9K | $700K | +16.7% |
| 5+ Bedrooms | $525K | $632.5K | +20.5% |
Summary: Lancaster housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 19.6%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 20.5%.
Median Sold Price Compared To Nearby Cities
| Harvard | $835.2K | $987.5K | +18.2% |
| Lancaster | $482.5K | $559K | +15.9% |
| Bolton | $822K | $925K | +12.5% |
| Clinton | $400K | $424.9K | +6.2% |
Housing Supply in Lancaster, MA
How many homes are available in Lancaster, MA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 23 | 27 | +17.4% |
Summary: The Lancaster real estate market had 27 homes for sale in September 2024, a 17.4% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 4 | 8 | +100.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Lancaster housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lancaster, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Lancaster in September 2024, down by 25.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Lancaster, MA
How long does it take to sell a home in Lancaster, MA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 13 Days | 40 Days | +204.0% |
Summary: Homes in Lancaster had an average of 40 days on market in Sep 2024, up by 204% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lancaster has remained consistent over time.
Summary: During September 2024, 6 homes were sold in Lancaster; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
