$2,613 Closing Credit*
$220,000
3 Beds
•2 Full Baths
Ronald King, Listing Office: Heartland Auction & Realty,Inc
Is Lancaster Township, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Lancaster Township has remained a Seller's Market.
Key Takeaway
Lancaster Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lancaster Township, IN
How much do homes in Lancaster Township, IN cost?
Median Sold Price
$254,500
$153/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$40,500(-13.7%)
Key Takeaway
Homes in Lancaster Township have sold for 13.7% less than they did a month ago.
Summary: The median home sold price in Lancaster Township was $254,500 in October 2024, down 13.7% from last month, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $275K | $227.2K | -17.4% |
| 4 Bedrooms | $430K | $350K | -18.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: Lancaster Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 17.4%, 4 bedroom homes decreased by 18.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lancaster Township | $295K | $254.5K | -13.7% |
| Harrison Township | $227.5K | $163.7K | -28.0% |
| Bluffton | $285K | $189.1K | -33.6% |
| Jefferson Township | $309.5K | $175K | -43.5% |
Housing Supply in Lancaster Township, IN
How many homes are available in Lancaster Township, IN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 19 | -13.6% |
Summary: The Lancaster Township real estate market had 19 homes for sale in October 2024, a 13.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 13 | 11 | -15.4% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lancaster Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lancaster Township, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Lancaster Township in October 2024, down by 12.5% month-over-month. Of the 7 sold homes, 29% were sold under asking, 57% were sold at asking, and 14% were sold over asking.
Days on Market for Lancaster Township, IN
We’re sorry, we don't have information for this market at the moment
The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2024 Indiana Regional MLS. All rights reserved.