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Featured local agent — Lancaster, OH
Sarah Mitchell
Compass Real Estate · Lancaster, OH
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lancaster, OH Housing Market & Real Estate
Housing market overview · Updated monthly ·
$237,450median sale price
How is the Lancaster, OH housing market right now?
The median home sale price in Lancaster, OH is $237,450, up 4.6% year-over-year. Homes sell in an average of 36 days with 108 active listings. The market is currently a seller's 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, OH is currently a seller's market, based on 1.8 months of supply and homes selling in about 36 days. How we determine this →
Homes sold
60
Last 12 weeks
Days on market
36
Average pace
Active listings
108
1.8 months supply
Sale-to-list
99.2%
Below asking
What does the Lancaster housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $237,450 |
| Median list price | $247,450 |
| Year-over-year price change | +4.6% |
| Average days on market | 36 days |
| Active inventory | 108 listings |
| Months of supply | 1.8 months |
| Sale-to-list price ratio | 99.2% |
| Median price per sq ft | $167/sq ft |
| Homes sold (latest month) | 60 |
| New listings (latest month) | 60 |
| Listings with a price cut | 31.5% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lancaster by property type?
How the Lancaster, OH market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $235,000 | $166/sq ft | 56 | 37 days |
| Condo / Co-op | $340,000 | $213/sq ft | 3 | 35 days |
| Townhouse | $179,000 | $57/sq ft | 1 | 34 days |
Source: Redfin · Updated monthly
The Lancaster housing market is currently classified as a seller's market with a median sale price of $237,450. Prices have risen 4.6% compared to last year, with homes spending an average of 36 days on market, indicating 1.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.1x provides context for how home values compare to local earning capacity.
Homes for sale in Lancaster
There are currently 108 homes listed for sale in Lancaster, Ohio. The median listing price is $247K.
Active listings
108
Homes on market
Median list price
$247K
Avg. days on market
36
Days until sale
New this week
60
Newly listed
Who lives in Lancaster?
Population
40,902
Median income
$54,901/yr
Median age
36.9 years
Owner-occupied
56.9%
College grads
21.3%
Avg commute
26.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Lancaster?
Zillow home value
$281,081
Zillow rent index
$1,240/mo
Price-to-rent ratio
18.9x
Price-to-income
5.1x
Source: Zillow Research
What is it like to live in Lancaster?
Lancaster is a community of approximately 41K residents with a median age of 36.9 years.The median household income is $54,901, which represents a working-class community with solid middle-income opportunities. 21.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 56.9%, showing a blend of owner and renter-occupied properties. The average commute time is 26.9 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?
12 schools tracked · 7,415 students
The largest public schools serving Lancaster, OH 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 · 1,918 students
Thomas Ewing Junior High School
Grades 6-8 · 678 students
General Sherman Junior High School
Grades 6-8 · 677 students
Tarhe Trails Elementary School
Grades K-5 · 631 students
Fairfield Union Rushville Middle School
Grades 5-8 · 625 students
Gorsuch West Elementary School
Grades K-5 · 576 students
Medill Elementary School
Grades K-5 · 565 students
Fairfield Union High School
Grades 9-12 · 561 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, OH?
Want a head-to-head view? Compare Lancaster side-by-side with any other U.S. city using our market-comparison tool.
Is Lancaster a good real estate investment market?
For investors evaluating Lancaster, the price-to-rent ratio of 18.9x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 4.6% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Lancaster's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Lancaster's median home price.
Frequently asked questions
What is the average home price in Lancaster?
The median home sale price in Lancaster is $237,450, up 4.6% from last year.
How long do homes stay on market in Lancaster?
Homes typically spend 36 days on market before going under contract.
What is the median income in Lancaster?
The median household income is $54,901 per year.
Is Lancaster a buyer's or seller's market?
With 1.8 months of supply, Lancaster is currently a seller's market.
What is the Zillow home value estimate for Lancaster?
The Zillow Home Value Index (ZHVI) for Lancaster is $281,081, representing the typical home value in the area.
What is the median condo price in Lancaster?
The median condo/co-op sale price in Lancaster, OH is $340,000, compared to $235,000 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, OH is $235,000 (about $166 per square foot).
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