Is Lancaster County, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lancaster County is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Lancaster County has remained a Seller's Market.

Key Takeaway

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

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

+$344(+0.1%)

Key Takeaway

The sold price of homes in Lancaster County has remained the same since last year.

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

# BEDSMar 2023Mar 2024CHANGE
1 $137.5K$104.5K
-24.0%
2 $301K$345.9K
+14.9%
3 $330K$348.9K
+5.7%
4 $490K$481.9K
-1.6%
5+ $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
+9.5%
Union County
+2.6%
York County
+1.3%
Lancaster County
0.1%

Housing Supply in Lancaster County, SC

How many homes are available in Lancaster County, SC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
493518+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

# BEDSFeb 2024Mar 2024CHANGE
1 32
-33.3%
2 7580
+6.7%
3 254288
+13.4%
4 10991
-16.5%
5+ 5257
+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 2024Mar 2024CHANGE
102142+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lancaster County, you may be able to get a good deal. 46.5% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
59 Days47 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 22 Days Ago

Newest Listings in Lancaster County, SC

Nearby Markets to Lancaster County, SC

What housing markets are near Lancaster County, SC?