Housing Prices in Lancaster, TN
How much do homes in Lancaster, TN cost?
Median List Price
$460,000
$232/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Key Takeaway
The list price of homes in Lancaster has decreased by 22% since last year.
Summary: The median home list price in Lancaster was $460,000 in March 2024, down 22% from the previous year, and the median price per square foot was $232.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $425K | $339.4K | -20.1% |
| 3 Bedrooms | $598K | $624.9K | +4.5% |
| 4 Bedrooms | $649.9K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Lancaster housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.1%, 3 bedroom homes increased by 4.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median List Price Compared To Nearby Cities
| Elmwood | $320.5K | $357.4K | +11.5% |
| Silver Point | $512.4K | $459.9K | -10.3% |
| Buffalo Valley | $399.9K | $319.9K | -20.0% |
| Lancaster | $589.9K | $460K | -22.0% |
| Hickman | $604.2K | $409.9K | -32.2% |
Housing Supply in Lancaster, TN
How many homes are available in Lancaster, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Summary: The Lancaster real estate market had 5 homes for sale in March 2024, a 25.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lancaster housing inventory by bedroom type for March 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 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Days on Market for Lancaster, TN
How long does it take to sell a home in Lancaster, TN?
Average Listing Age
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 106 Days | 68 Days | -35.5% |
Summary: Homes in Lancaster had an average listing age of 68 days in Mar 2024, down by 35.5% compared to the previous year.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.