$7,707 Closing Credit*
$649,000
1,781 SqFt
2 Beds
•2 Full Baths
#73318002, Gayle Sabol, Listing Office: Keller Williams Realty North Central
Is Lancaster, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$600,000
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$110,000(+22.4%)
Key Takeaway
Homes in Lancaster have sold for 22.4% more than they did a year ago.
Summary: The median home sold price in Lancaster was $600,000 in November 2024, up 22.4% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $206K | $240K | +16.5% |
| 2 Bedrooms | $432.5K | $504K | +16.5% |
| 3 Bedrooms | $472K | $600K | +27.1% |
| 4 Bedrooms | $597.5K | $725K | +21.3% |
| 5+ Bedrooms | $642.5K | $502.5K | -21.8% |
Summary: Lancaster housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.5%, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 27.1%, 4 bedroom homes increased by 21.3%, and 5+ bedroom homes decreased by 21.8%.
Median Sold Price Compared To Nearby Cities
| Lancaster | $490K | $600K | +22.4% |
| Harvard | $882.5K | $985K | +11.6% |
| Bolton | $870K | $932K | +7.1% |
| Clinton | $402.5K | $427K | +6.1% |
Housing Supply in Lancaster, MA
How many homes are available in Lancaster, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 27 | -6.9% |
Summary: The Lancaster real estate market had 27 homes for sale in November 2024, a 6.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Lancaster housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 12 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lancaster, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Lancaster in November 2024, up by 100.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 36 Days | +27.9% |
Summary: Homes in Lancaster had an average of 36 days on market in Nov 2024, up by 27.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 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 November 2024, 12 homes were sold in Lancaster; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
