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Featured local agent — Lancaster, SC
Sarah Mitchell
Compass Real Estate · Lancaster, SC
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lancaster, SC Housing Market & Real Estate
Housing market overview · Updated monthly ·
$310,000median sale price
How is the Lancaster, SC housing market right now?
The median home sale price in Lancaster, SC is $310,000, up 12.7% year-over-year. Homes sell in an average of 41 days with 100 active listings. The market is currently a buyer'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, SC is currently a buyer's market, based on 10.0 months of supply and homes selling in about 41 days. How we determine this →
Homes sold
10
Last 12 weeks
Days on market
41
Average pace
Active listings
100
10.0 months supply
Sale-to-list
98.8%
Below asking
What does the Lancaster housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $310,000 |
| Median list price | $260,000 |
| Year-over-year price change | +12.7% |
| Average days on market | 41 days |
| Active inventory | 100 listings |
| Months of supply | 10.0 months |
| Sale-to-list price ratio | 98.8% |
| Median price per sq ft | $146/sq ft |
| Homes sold (latest month) | 10 |
| New listings (latest month) | 20 |
| Listings with a price cut | 22.0% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Lancaster by property type?
How the Lancaster, SC market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $310,000 | $146/sq ft | 10 | 41 days |
Source: Redfin · Updated monthly
The Lancaster housing market is currently classified as a buyer's market with a median sale price of $310,000. Prices have risen 12.7% compared to last year, with homes spending an average of 41 days on market, indicating 10.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 6.9x provides context for how home values compare to local earning capacity.
Homes for sale in Lancaster
There are currently 100 homes listed for sale in Lancaster, South Carolina. The median listing price is $260K.
Active listings
100
Homes on market
Median list price
$260K
Avg. days on market
41
Days until sale
New this week
20
Newly listed
Who lives in Lancaster?
Population
8,738
Median income
$43,234/yr
Median age
38.2 years
Owner-occupied
44.3%
College grads
17.3%
Avg commute
25.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Lancaster?
Zillow home value
$296,839
Zillow rent index
$1,318/mo
Price-to-rent ratio
18.8x
Price-to-income
6.9x
Source: Zillow Research
What is it like to live in Lancaster?
Lancaster is a community of approximately 9K residents with a median age of 38.2 years.The median household income is $43,234, which represents a working-class community with solid middle-income opportunities. 17.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 44.3%, showing a blend of owner and renter-occupied properties. The average commute time is 25.7 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?
15 schools tracked · 9,018 students
The largest public schools serving Lancaster, SC 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.
Indian Land High
Grades 9-12 · 1,821 students
Lancaster High
Grades 9-12 · 1,393 students
Van Wyck Elementary
Grades PK-4 · 819 students
Buford Elementary
Grades PK-5 · 758 students
North Elementary
Grades PK-5 · 618 students
Buford High
Grades 9-12 · 554 students
A. R. Rucker Middle
Grades 6-8 · 513 students
South Middle
Grades 6-8 · 492 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, SC?
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 18.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 12.7% 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 $310,000, up 12.7% from last year.
How long do homes stay on market in Lancaster?
Homes typically spend 41 days on market before going under contract.
What is the median income in Lancaster?
The median household income is $43,234 per year.
Is Lancaster a buyer's or seller's market?
With 10.0 months of supply, Lancaster is currently a buyer's market.
What is the Zillow home value estimate for Lancaster?
The Zillow Home Value Index (ZHVI) for Lancaster is $296,839, representing the typical home value in the area.
How much does a single-family home cost in Lancaster?
The median single-family home price in Lancaster, SC is $310,000 (about $146 per square foot).
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