New Listing
4
$199,900
517 Manor St
Lancaster, PA 17603
2 bd1 ba902 sqft$222/ft²
Townhouse1,742 sqft lot
Jason Bange · Iron Valley Real Estate of Lancaster
View photos & details
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Lancaster, PA Housing Market
Strong seller's market+8.0% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The last median sale price Redfin published was $270,000, +8.0% year over year (through May 2026). With 1.5 months of supply and homes going under contract in about 13 days, Lancaster is a strong seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $270,000 home is about $1,441/mo in principal and interest.
Key numbers for Lancaster, PA
Typical asking rent
$1,547/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$270,000
+8.0% year over year
Redfin, through May 2026
Days on market
13
Fast-moving
Redfin, through May 2026
Active listings
102
1.5 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$63,421
Home costs 4.3x income
U.S. Census ACS, 2023
Sale-to-list ratio
101.1%
Selling above asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Lancaster a buyer's or seller's market?
Strong seller's market1.5 months of supply13 days on market101.1% of asking
Lancaster, PA is a strong seller's market, based on 1.5 months of supply and homes selling in about 13 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Lancaster housing market data show?
Every row below is Redfin's final published month for Lancaster, PA. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $270,000 |
| Median list price | $297,500 |
| Year-over-year price change | +8.0% |
| Median price per sq ft | $178/sq ft |
| Median days on market | 13 days |
| Active inventory | 102 listings |
| Months of supply | 1.5 months |
| Sale-to-list price ratio | 101.1% |
| Homes sold (that month) | 67 |
| New listings (that month) | 79 |
| Listings with a price cut | 37.3% |
| Market condition | Strong seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Lancaster is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Lancaster is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Lancaster home prices moved?
Over the last three years the median sale price in Lancaster, PA rose 20.5%, from $224,000 to $270,000. 37.3% of Lancaster listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 1.5 months while the sale-to-list ratio slips below its current 101.1%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Lancaster?
Priced off the median sale price of $270,000 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $54,000 | $216,000 | $1,441/mo |
| 5% | $13,500 | $256,500 | $1,712/mo |
Redfin, through May 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,441, that implies roughly $61,775 a year before you add taxes and insurance. The median household in Lancaster earns $63,421, about $1,646 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 4.3x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Lancaster in the next 12 months?
Tell us your timeline. We send the Lancaster market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Lancaster?
Zillow does not publish a rent index (ZORI) for Lancaster, PA, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Lancaster?
Active listings in Lancaster, PA went from 108 in May 2025 to 102 in May 2026, a -5.6% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 106 | 69 |
| July 2025 | 105 | 58 |
| August 2025 | 100 | 65 |
| September 2025 | 119 | 82 |
| October 2025 | 126 | 89 |
| November 2025 | 111 | 66 |
| December 2025 | 86 | 34 |
| January 2026 | 80 | 57 |
| February 2026 | 85 | 67 |
| March 2026 | 79 | 70 |
| April 2026 | 97 | 95 |
| May 2026 | 102 | 79 |
Redfin, through May 2026
How does Lancaster compare to Pennsylvania and the U.S.?
Lancaster homes sell for $270,000 — 18% below the Pennsylvania median of $330,200. Against the national median of $410,700, Lancaster runs 34% lower. Year-over-year, Lancaster moved +8.0% against Pennsylvania's +5.3% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Lancaster, PA | $270,000 | +8.0% | 13 days |
| Pennsylvania statewide | $330,200 | +5.3% | 30 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Lancaster
What buyers should watch
- Months of supply, currently 1.5. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 37.3%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $270 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $270,000 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Lancaster listing goes under contract in 13 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 101.1% of asking. Price at the number you want and let competition do the rest.
- In the last published month Lancaster added 79 new listings against 67 sales — more competition arriving than clearing, so early timing matters.
- Comparable ZIP-level pricing inside Lancaster varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Lancaster
There are currently 102 homes listed for sale in Lancaster, Pennsylvania. The median listing price is $298K. Featured listings range from $199,900 to $975,000.
New Listing
23
$254,995
1218 Fremont St
Lancaster, PA 17603
3 bd1 ba1,102 sqft$231/ft²
Townhouse2,178 sqft lot
Christopher Martin · Coldwell Banker Realty
View photos & details
New Listing
31
$259,999
235 Howard Ave
Lancaster, PA 17602
3 bd2 ba1,327 sqft$196/ft²
Townhouse1,307 sqft lot
Taylor McCartney · VRA Realty
View photos & details
New Listing
44
$299,900
617 E End Ave
Lancaster, PA 17602
4 bd3 ba2,020 sqft$148/ft²
Townhouse1,742 sqft lot
Brent Hostetter · Hostetter Realty LLC
View photos & details
New Listing
20
$310,000
429 Locust St
Lancaster, PA 17602
5 bd2 ba1,535 sqft$202/ft²
Townhouse1,307 sqft lot
Richard Sachetta · Bold Realty
View photos & details
New Listing
23
$364,900
503-505 Manor St
Lancaster, PA 17603
2,056 sqft$177/ft²
Multi-family2,614 sqft lot
Mitchell Hershey · Keller Williams Elite
View photos & details
New Build
$383,200
2451 Spring Water Cir
Lancaster, PA 17601
3 bd3 ba1,936 sqft$198/ft²
Townhouse825 sqft lot
Amy Danz · Coldwell Banker Realty
View photos & details
New Listing
39
$400,000
26 Midway Farms Ln
Lancaster, PA 17602
2 bd2 ba2,088 sqft$192/ft²
Condo
Joshua Bealing · Berkshire Hathaway HomeServices Homesale Realty
View photos & details
New Listing
2
$429,900
41 W Lemon St Apt 308
Lancaster, PA 17603
2 bd2 ba1,187 sqft$362/ft²
Condo
Richard Boas Jr · Berkshire Hathaway HomeServices Homesale Realty
View photos & details
New Listing
10
$699,900
336 N Christian St Apt E
Lancaster, PA 17602
2 bd3 ba2,102 sqft$333/ft²
Condo
Mick Kalata · Berkshire Hathaway HomeServices Homesale Realty
View photos & details
New Listing
70
$775,000
1021 Steeplechase Dr
Lancaster, PA 17601
4 bd3 ba3,452 sqft$225/ft²
House27,007 sqft lot
Donna Shaw · RE/MAX SmartHub Realty
View photos & details
New Listing
30
$975,000
101 N Queen St Ste 404
Lancaster, PA 17603
2 bd3 ba1,974 sqft$494/ft²
Condo
Anne Lusk · Lusk & Associates Sotheby's International Realty
View photos & details
Looking to buy in Lancaster?
Get connected with a local real estate expert — free, no obligation.
Active listings
102
Homes on market
Median list price
$298K
Avg. days on market
13
Days until sale
New this week
79
Newly listed
Price drops:37.3%of listings
Sale-to-list:101.1%
How much do homes cost in Lancaster by property type?
How the Lancaster, PA market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $240,000 | $236/sq ft | 5 | 8 days |
| Condo / co-op | $327,500 | $236/sq ft | 4 | 20 days |
| Townhouse | $260,950 | $176/sq ft | 48 | 14 days |
Who lives in Lancaster?
American Community Survey estimates for Lancaster. U.S. Census ACS, 2023
Population
57,683
Households
21,243
Median income
$63,421/yr
Median age
31.9 years
Owner-occupied
47.5%
Median home value
$203,700
Median gross rent
$1,177/mo
Mean commute
23.4 min
47.5% of occupied homes in Lancaster are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. Census median gross rent (all leases, including long-held ones) is $1,177/mo, below Zillow's $1,547/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Lancaster?
37 schools tracked · 21,479 students
The largest public schools serving Lancaster, PA 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.
McCaskey Campus
Grades 9-12 · 2,642 students
Manheim Twp HS
Grades 9-12 · 1,956 students
Conestoga Valley SHS
Grades 9-12 · 1,296 students
Landis Run Intermediate School
Grades 5-6 · 910 students
Manheim Twp MS
Grades 7-8 · 902 students
Gerald G Huesken MS
Grades 6-8 · 898 students
Martin School
Grades PK-8 · 650 students
Centerville MS
Grades 7-8 · 607 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, PA?
Ordered by distance from Lancaster, not by size. Compare Lancaster side by side with any of them.
Which ZIP codes are in Lancaster?
These are the ZIP codes we see on active Lancaster listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Lancaster housing market FAQ
Is Lancaster a buyer's or seller's market?
Lancaster, PA is currently a strong seller's market. That read comes from 1.5 months of supply, homes going under contract in about 13 days, and sellers getting 101.1% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Lancaster?
The median sale price in the last month Redfin published was $270,000, about $178 per square foot.
Is Lancaster cheaper than the rest of Pennsylvania?
Lancaster's median sale price of $270,000 is 18% lower than the Pennsylvania statewide median of $330,200, and 34% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Lancaster?
Homes in Lancaster, PA spent a median of 13 days on market before going under contract, versus 30 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Lancaster?
At the current 30-year fixed rate of 7.03%, 20% down on a $270,000 home is about $1,441 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $61,775 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $63,421.
Are home prices rising in Lancaster?
Redfin's last published year-over-year change for Lancaster, PA was +8.0%, measured through May 2026. That series is frozen; treat it as a historical reading rather than a current trend.
What are the cheapest ZIP codes in Lancaster?
Lancaster ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Lancaster?
That depends on your timeline, not on a headline. What the data says today: Lancaster, PA is a strong seller's market with 1.5 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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