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 April 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

$409,413

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$85(0%)

Key Takeaway

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

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $160K$104.5K
-34.7%
2 $300K$366K
+22.0%
3 $320.2K$349.9K
+9.3%
4 $490K$478.7K
-2.3%
5+ $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
+5.5%
Union County
+3.6%
York County
+2.1%
Lancaster County
0%

Housing Supply in Lancaster County, SC

How many homes are available in Lancaster County, SC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
511526+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

# BEDSMar 2024Apr 2024CHANGE
1 12
+100.0%
2 8074
-7.5%
3 283284
0.4%
4 9195
+4.4%
5+ 5671
+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 2024Apr 2024CHANGE
146108-26.0%

Asking Price vs. Sold Price

48 Homes Were Sold
Under Asking

29 Homes Were Sold
At Asking

31 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lancaster County, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

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 2023Apr 2024CHANGE
34 Days36 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

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 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.

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

Report Updated 3 Days Ago

Newest Listings in Lancaster County, SC

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