Is Lancaster County, SC 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 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
$409,413
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160K | $104.5K | -34.7% |
2 Bedrooms | $300K | $366K | +22.0% |
3 Bedrooms | $320.2K | $349.9K | +9.3% |
4 Bedrooms | $490K | $478.7K | -2.3% |
5+ Bedrooms | $624K | $633.5K | +1.5% |
Summary: Lancaster County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.7%, 2 bedroom homes increased by 22%, 3 bedroom homes increased by 9.3%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 1.5%.
Median Sold Price Compared To Nearby Counties
Chester County | $210K | $221.5K | +5.5% |
Union County | $443.8K | $459.9K | +3.6% |
York County | $379.7K | $387.6K | +2.1% |
Lancaster County | $409.4K | $409.4K | 0% |
Housing Supply in Lancaster County, SC
How many homes are available in Lancaster County, SC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
511 | 526 | +2.9% |
Summary: The Lancaster County real estate market had 526 homes for sale in April 2024, a 2.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 80 | 74 | -7.5% |
3 Bedrooms | 283 | 284 | 0.4% |
4 Bedrooms | 91 | 95 | +4.4% |
5+ Bedrooms | 56 | 71 | +26.8% |
Summary: The Lancaster County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 7.5%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 26.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
146 | 108 | -26.0% |
Asking Price vs. Sold Price
48 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Summary: A total of 108 homes were sold or pending in Lancaster County in April 2024, down by 26.0% month-over-month. Of the 108 sold homes, 44% were sold under asking, 27% were sold at asking, and 29% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 36 Days | +5.2% |
Summary: Homes in Lancaster County had an average of 36 days on market in Apr 2024, up by 5.2% compared to last year.
Breakdown of Home Sale Times
71 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During April 2024, 108 homes were sold in Lancaster County; 66% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.