Is Lancaster City Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Lancaster City Township has remained a Seller's Market.
Housing Prices in Lancaster City Township, OH
How much do homes in Lancaster City Township, OH cost?
Median Sold Price
$204,991
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lancaster City Township was $204,991 in March 2024, up 8.7% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $40K | $95K | +137.5% |
2 Bedrooms | $146.7K | $168.5K | +14.9% |
3 Bedrooms | $195K | $210K | +7.7% |
4 Bedrooms | $265K | $283.9K | +7.2% |
5+ Bedrooms | $285K | $362.4K | +27.2% |
Summary: Lancaster City Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 137.5%, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 27.2%.
Median Sold Price Compared To Nearby Cities
Lancaster | $195K | $230K | +17.9% |
Pleasant Township | $281.2K | $320K | +13.8% |
Lancaster City Township | $188.6K | $204.9K | +8.7% |
Hocking Township | $305K | $325K | +6.6% |
Greenfield Township | $320.7K | $290K | -9.6% |
Housing Supply in Lancaster City Township, OH
How many homes are available in Lancaster City Township, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
159 | 162 | +1.9% |
Summary: The Lancaster City Township real estate market had 162 homes for sale in March 2024, a 1.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 33 | 29 | -12.1% |
3 Bedrooms | 84 | 87 | +3.6% |
4 Bedrooms | 35 | 39 | +11.4% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Lancaster City Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 12.1%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 37 | +8.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in Lancaster City Township in March 2024, up by 8.8% month-over-month. Of the 37 sold homes, 32% were sold under asking, 19% were sold at asking, and 49% were sold over asking.
Days on Market for Lancaster City Township, OH
How long does it take to sell a home in Lancaster City Township, OH?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
21 Days | 13 Days | -37.0% |
Summary: Homes in Lancaster City Township had an average of 13 days on market in Mar 2024, down by 37% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 37 homes were sold in Lancaster City Township; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.