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 April 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
$211,805
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lancaster City Township was $211,805 in April 2024, up 14.2% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $50.2K | $91K | +81.1% |
2 Bedrooms | $148.2K | $170K | +14.7% |
3 Bedrooms | $195.9K | $212.3K | +8.4% |
4 Bedrooms | $253.4K | $291K | +14.8% |
5+ Bedrooms | $285K | $350K | +22.8% |
Summary: Lancaster City Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 81.1%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 22.8%.
Median Sold Price Compared To Nearby Cities
Lancaster | $195K | $231.5K | +18.7% |
Lancaster City Township | $185.5K | $211.8K | +14.2% |
Pleasant Township | $287.5K | $317.5K | +10.4% |
Hocking Township | $310K | $322.4K | +4.0% |
Greenfield Township | $320.7K | $282K | -12.1% |
Housing Supply in Lancaster City Township, OH
How many homes are available in Lancaster City Township, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
168 | 193 | +14.9% |
Summary: The Lancaster City Township real estate market had 193 homes for sale in April 2024, a 14.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 29 | 30 | +3.4% |
3 Bedrooms | 89 | 105 | +18.0% |
4 Bedrooms | 42 | 46 | +9.5% |
5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Lancaster City Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 54 | +35.0% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 54 homes were sold or pending in Lancaster City Township in April 2024, up by 35.0% month-over-month. Of the 54 sold homes, 39% were sold under asking, 17% were sold at asking, and 44% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
10 Days | 22 Days | +116.2% |
Summary: Homes in Lancaster City Township had an average of 22 days on market in Apr 2024, up by 116.2% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 54 homes were sold in Lancaster City Township; 80% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.