$10,000 Closing Credit*
$999,000
3,568 SqFt
4 Beds
•3 Full Baths, 1 Partial
#73313019, Stephanie Pandiscio, Listing Office: Foster-Healey Real Estate
Is Lancaster, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Lancaster has remained a Seller's Market.
Key Takeaway
Lancaster is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lancaster, MA
How much do homes in Lancaster, MA cost?
Median Sold Price
$587,500
$289/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$95,000(+19.3%)
Key Takeaway
Homes in Lancaster have sold for 19.3% more than they did a year ago.
Summary: The median home sold price in Lancaster was $587,500 in October 2024, up 19.3% from last year, and the median price per square foot was $289.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $223K | N/A |
| 2 Bedrooms | $435K | $487.5K | +12.1% |
| 3 Bedrooms | $475K | $575.1K | +21.1% |
| 4 Bedrooms | $597.5K | $725K | +21.3% |
| 5+ Bedrooms | $642.5K | $505K | -21.4% |
Summary: Lancaster housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 21.3%, and 5+ bedroom homes decreased by 21.4%.
Median Sold Price Compared To Nearby Cities
| Lancaster | $492.5K | $587.5K | +19.3% |
| Bolton | $823.5K | $966K | +17.3% |
| Harvard | $872.5K | $967.5K | +10.9% |
| Clinton | $405K | $425K | +4.9% |
Housing Supply in Lancaster, MA
How many homes are available in Lancaster, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 28 | +3.7% |
Summary: The Lancaster real estate market had 28 homes for sale in October 2024, a 3.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Lancaster housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lancaster, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Lancaster in October 2024, the same as the previous month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Lancaster, MA
How long does it take to sell a home in Lancaster, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 31 Days | +55.8% |
Summary: Homes in Lancaster had an average of 31 days on market in Oct 2024, up by 55.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lancaster are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Lancaster; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
