$800,000
6.35 Acres
Land
Robert B. Bragg IV, Listing Office: Bragg & Company
October 2024
Report Updated 13 Days Ago
Is Lancaster County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Lancaster County was a Seller's Market.
How much do homes in Lancaster County, VA cost?
$560,000
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
Summary: The median home sold price in Lancaster County was $560,000 in October 2024, up 5.5% from last year, and the median price per square foot was $268.
# BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | - | N/A |
2 Bedrooms | $225K | $325K | +44.4% |
3 Bedrooms | $475K | $500K | +5.3% |
4 Bedrooms | $851K | $900K | +5.8% |
5+ Bedrooms | $1.3M | $2.1M | +59.3% |
Summary: Lancaster County 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 44.4%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 59.3%.
Northumberland County | $412.5K | $470K | +13.9% |
Richmond County | $247.2K | $265K | +7.2% |
Lancaster County | $531K | $560K | +5.5% |
How many homes are available in Lancaster County, VA?
Sep 2024 | Oct 2024 | CHANGE |
---|---|---|
147 | 175 | +19.0% |
Summary: The Lancaster County real estate market had 175 homes for sale in October 2024, a 19.0% increase compared to September 2024.
# BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 3 | +100.0% |
2 Bedrooms | 22 | 26 | +18.2% |
3 Bedrooms | 85 | 99 | +16.5% |
4 Bedrooms | 33 | 38 | +15.2% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Lancaster County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 28.6%.
Sep 2024 | Oct 2024 | CHANGE |
---|---|---|
14 | 18 | +28.6% |
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Lancaster County in October 2024, up by 28.6% month-over-month. Of the 13 sold homes, 54% were sold under asking, 15% were sold at asking, and 31% were sold over asking.
How long does it take to sell a home in Lancaster County, VA?
Oct 2023 | Oct 2024 | CHANGE |
---|---|---|
78 Days | 51 Days | -34.2% |
Summary: Homes in Lancaster County had an average of 51 days on market in Oct 2024, down by 34.2% compared to last year.
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During October 2024, 18 homes were sold in Lancaster County; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% 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 13 Days Ago
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MLS Disclaimers and Copyright
Based on information from Central Virginia Regional MLS, BrightMLS, Real Estate Information Network, and Lynchburg MLS for the period 11/01/2022 - 11/01/2024
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/14/2024, 1:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
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Last updated on: 11/14/2024, 1:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright © 2024 REIN, Inc - All Rights Reserved. Information Deemed Reliable But Not Guaranteed.
The listing data relating to real estate for sale on this web site comes in part from the Real Estate Information Network Inc. (REIN) and has been authorized by participating listing Broker Members of REIN for display. REIN's listings are based upon Data submitted by its Broker Members, and REIN therefore makes no representation or warranty regarding the accuracy of the Data. All users of REIN's listings database should confirm the accuracy of the listing information directly with the listing agent.
Real estate listings held by brokerage firms other than this broker are marked by the REIN symbol; detailed information about such listings includes the names of listing brokers.
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Users of this Site are granted a limited, nonexclusive license to use the Site and its listing content for personal and noncommercial use only. Information is deemed reliable but not guaranteed. REIN has no control over the conditions under which broker member or any of the respective agents, employees, customers, clients, contractors or representatives use the sold listings information and does not and cannot warrant, and expressly disclaims any warranty with respect to, the accuracy or completeness of the sold listings information or performance or results that may be obtained by their use. You should not base any important financial decisions on this sold listings information, without independently, verifying such information, or consulting with a professional real estate broker for assistance.
Some listings may be duplicated in the search results due to the co-mingling of listings from more than one multiple listing service. Should there be different listing information between the duplicated listings, user is advised to verify the accuracy of the listing information before making any financial decisions.
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Some properties which appear for sale on this website have subsequently sold or may no longer be available. REIN updates its listings on a daily basis.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/14/2024, 1:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information is provided by the Lynchburg Association of REALTORS®. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. All properties are subject to prior sale, change or withdrawal. Listing(s) 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. Copyright 2024 Lynchburg Association of REALTORS®. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/14/2024, 1:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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