Is Lancaster County, SC 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 County has remained a Seller's Market.
Housing Prices in Lancaster County, SC
How much do homes in Lancaster County, SC cost?
Median Sold Price
$410,591
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lancaster County was $410,591 in March 2024, up 0.1% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $137.5K | $104.5K | -24.0% |
2 Bedrooms | $301K | $345.9K | +14.9% |
3 Bedrooms | $330K | $348.9K | +5.7% |
4 Bedrooms | $490K | $481.9K | -1.6% |
5+ Bedrooms | $635K | $610.9K | -3.8% |
Summary: Lancaster County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24%, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 3.8%.
Median Sold Price Compared To Nearby Counties
Chester County | $205.5K | $225K | +9.5% |
Union County | $444.6K | $456.3K | +2.6% |
York County | $380.2K | $385K | +1.3% |
Lancaster County | $410.2K | $410.5K | 0.1% |
Housing Supply in Lancaster County, SC
How many homes are available in Lancaster County, SC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
493 | 518 | +5.1% |
Summary: The Lancaster County real estate market had 518 homes for sale in March 2024, a 5.1% 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 | 75 | 80 | +6.7% |
3 Bedrooms | 254 | 288 | +13.4% |
4 Bedrooms | 109 | 91 | -16.5% |
5+ Bedrooms | 52 | 57 | +9.6% |
Summary: The Lancaster County 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 increased by 6.7%, 3 bedroom homes increased by 13.4%, 4 bedroom homes decreased by 16.5%, and 5+ bedroom homes increased by 9.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
102 | 142 | +39.2% |
Asking Price vs. Sold Price
66 Homes Were Sold
Under Asking
42 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Summary: A total of 142 homes were sold or pending in Lancaster County in March 2024, up by 39.2% month-over-month. Of the 142 sold homes, 46% were sold under asking, 30% were sold at asking, and 24% were sold over asking.
Days on Market for Lancaster County, SC
How long does it take to sell a home in Lancaster County, SC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
59 Days | 47 Days | -21.3% |
Summary: Homes in Lancaster County had an average of 47 days on market in Mar 2024, down by 21.3% compared to last year.
Breakdown of Home Sale Times
80 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
30 Homes Were Sold
Over 90 Days
Summary: During March 2024, 142 homes were sold in Lancaster County; 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.