Lancaster Housing Market Report January 2025Lancaster County, Nebraska

hero building illustration for mobile

Housing Prices in Lancaster, NE

How much do homes in Lancaster, NE cost?

Housing Market Conditions

Is Lancaster, NE a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Lancaster is a Neutral Market

Difference Since December 2024

Last month, Lancaster was a Seller's Market.

Insight

Lancaster is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$555,450$192/SqFt
-$19,550
-3.4%

Based on all homes sold in January 2025

Insight

Homes in Lancaster have sold for 3.4% less than they did a month ago.

Summary: The median home sold price in Lancaster was $555,450 in January 2025, down 3.4% from last month, and the median price per square foot was $192.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Lancaster
-3.4%
Lincoln
-5.2%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2024Jan 2025Change YoY
1--
N/A
2-$270K
N/A
3$514.2K-
N/A
4$639.9K$495K
-22.7%
5$514.9K$579K
+12.5%

Summary: Lancaster housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes decreased by -22.7%. The home price for 5 bedroom homes increased by +12.5%.

Housing supply in Lancaster, NE

How many homes are available in Lancaster, NE?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
66Last MonthJan 2025
602 months agoDec 2024
+10.0 %
Change MoMDec – Jan

Summary: The Lancaster real estate market had 66 homes for sale in Jan 2025, a 10.0 % increase compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
10Last MonthJan 2025
112 months agoDec 2024
-9.1 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
100
0.0%
211
0.0%
369
+50.0%
43532
-8.6%
51824
+33.3%

Summary: Lancaster housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +50.0%. The inventory for 4 bedroom homes decreased by -8.6%. The inventory for 5 bedroom homes increased by +33.3%.

Asking Price vs. Sold Price

How much do homes in Lancaster, NE cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price2 Homes

At Asking Price6 Homes

Under Asking Price2 Homes

Insight

If you're buying a home in Lancaster, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Summary: A total of 10 homes were sold or pending in Lancaster in January 2025, down by 9.1% month-over-month. Of the 10 sold homes, 20% were sold under asking, 60% were sold at asking, and and 20% were sold over asking.

Days on Market for Lancaster, NE

How long does it take to sell a home in Lancaster, NE?

Breakdown of Home Sale Times

Under 30 Days5 Homes

30 – 90 Days2 Homes

Over 90 Days3 Homes

Insight

Many homes in Lancaster are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 10 homes were sold in Lancaster; 50% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
61 DaysLast MonthJan 2025
29 Days1 month agoDec 2024
+109.1 %
Change MoMDec – Jan

Summary: Homes in Lancaster had an average listing age of 61 days in Jan 2025, up by 109.1% compared to the previous month.

Newest Listings in Lancaster, NE

What homes are available in Lancaster, NE?

Nearby markets

MLS Disclaimers and Copyright

Based on information from Great Plains Regional MLS, for the period 12/01/2024 - 02/01/2025

IDXThe data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Great Plains Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2025 Great Plains REALTORS® Multiple Listing Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/22/2025, 3:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.