$3,147 Closing Credit*
$265,000
2,526 SqFt
4 Beds
•2 Full Baths, 1 Partial
#1990904, Brad Klaas, Listing Office: Platteville Realty LLC
Is Lancaster, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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, WI
How much do homes in Lancaster, WI cost?
Median Sold Price
$188,750
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$13,750(+7.9%)
Key Takeaway
Homes in Lancaster have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Lancaster was $188,750 in December 2024, up 7.9% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $181.5K | N/A |
| 2 Bedrooms | $110K | $165.5K | +50.5% |
| 3 Bedrooms | $184.5K | $198K | +7.3% |
| 4 Bedrooms | $180K | $187K | +3.9% |
| 5+ Bedrooms | $275K | $285K | +3.6% |
Summary: Lancaster housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 50.5%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 3.6%.
Housing Supply in Lancaster, WI
How many homes are available in Lancaster, WI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 18 | 20 | +11.1% |
Summary: The Lancaster real estate market had 20 homes for sale in December 2024, a 11.1% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lancaster housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 2 | 7 | +250.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was 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. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Lancaster in December 2024, up by 250.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for Lancaster, WI
We’re sorry, we don't have information for this market at the moment
