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Featured local agent — Lancaster, NY
Sarah Mitchell
Compass Real Estate · Lancaster, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lancaster, NY Housing Market & Real Estate
Housing market overview · Updated monthly ·
$242,500median sale price
How is the Lancaster, NY housing market right now?
The median home sale price in Lancaster, NY is $242,500, down 25.9% year-over-year. Homes sell in an average of 60 days with 9 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lancaster a buyer's or seller's market?
Lancaster, NY is currently a balanced market, based on 3.0 months of supply and homes selling in about 60 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
60
Average pace
Active listings
9
3.0 months supply
Sale-to-list
98.7%
Below asking
What does the Lancaster housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $242,500 |
| Median list price | $277,900 |
| Year-over-year price change | -25.9% |
| Average days on market | 60 days |
| Active inventory | 9 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 98.7% |
| Median price per sq ft | $215/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 14 |
| Listings with a price cut | 22.2% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Lancaster by property type?
How the Lancaster, NY market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $242,500 | $215/sq ft | 3 | 60 days |
| Condo / Co-op | $193,000 | $211/sq ft | 1 | 12 days |
| Townhouse | $285,000 | $163/sq ft | 1 | 8 days |
Source: Redfin · Updated monthly
The Lancaster housing market is currently classified as a balanced market with a median sale price of $242,500. Prices have fallen 25.9% compared to last year, with homes spending an average of 60 days on market, indicating 3.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Lancaster
There are currently 9 homes listed for sale in Lancaster, New York. The median listing price is $278K.
Active listings
9
Homes on market
Median list price
$278K
Avg. days on market
60
Days until sale
New this week
14
Newly listed
Who lives in Lancaster?
Population
10,127
Median income
$63,902/yr
Median age
47.5 years
Owner-occupied
73.5%
College grads
25.2%
Avg commute
17.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Lancaster?
Zillow rent index
$1,582/mo
Source: Zillow Research
What is it like to live in Lancaster?
Lancaster is a community of approximately 10K residents with a median age of 47.5 years.The median household income is $63,902, which represents a working-class community with solid middle-income opportunities. 25.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 73.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 17.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lancaster offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lancaster?
6 schools tracked · 4,904 students
The largest public schools serving Lancaster, NY by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
LANCASTER HIGH SCHOOL
Grades 9-12 · 1,646 students
WILLIAM STREET SCHOOL
Grades 4-6 · 1,300 students
LANCASTER MIDDLE SCHOOL
Grades 7-8 · 848 students
HILLVIEW ELEMENTARY SCHOOL
Grades K-3 · 454 students
COMO PARK ELEMENTARY SCHOOL
Grades K-3 · 365 students
COURT STREET ELEMENTARY SCHOOL
Grades K-3 · 291 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Lancaster, NY?
Want a head-to-head view? Compare Lancaster side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lancaster?
The median home sale price in Lancaster is $242,500, down 25.9% from last year.
How long do homes stay on market in Lancaster?
Homes typically spend 60 days on market before going under contract.
What is the median income in Lancaster?
The median household income is $63,902 per year.
Is Lancaster a buyer's or seller's market?
With 3.0 months of supply, Lancaster is currently a balanced market.
What is the median condo price in Lancaster?
The median condo/co-op sale price in Lancaster, NY is $193,000, compared to $242,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lancaster?
The median single-family home price in Lancaster, NY is $242,500 (about $215 per square foot).
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