Lancaster Housing Market Report March 2025•Fairfield County, Ohio

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Housing Prices in Lancaster, OH

How much do homes in Lancaster, OH cost?

Housing Market Conditions

Is Lancaster, OH 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 Seller's Market

Difference Since March 2024

Since last year, Lancaster has remained a Seller's Market.

Insight

Lancaster is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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.
$248,431$169/SqFt
+$18,230
+7.9%

Based on all homes sold in the last 12 months

Insight

Homes in Lancaster have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in Lancaster was $248,431 in March 2025, up 7.9% from last year, and the median price per square foot was $169.

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 City Township
+14.1%
Lancaster
+7.9%
Pleasant Township
+4.2%
Greenfield Township
-23.0%

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.
BedsMar 2024Mar 2025Change YoY
1$87K$80K
-8.0%
2$169.9K$185K
+8.9%
3$225.1K$243.5K
+8.2%
4$318.5K$324.1K
+1.8%
5$390K$395K
+1.3%

Summary: Lancaster housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -8.0%. The home price for 2 bedroom homes increased by +8.9%. The home price for 3 bedroom homes increased by +8.2%. The home price for 4 bedroom homes increased by +1.8%. The home price for 5 bedroom homes increased by +1.3%.

How does Lancaster, OH compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Lancaster, OH

Housing supply in Lancaster, OH

How many homes are available in Lancaster, OH?

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
182Last MonthMar 2025
1562 months agoFeb 2025
+16.7 %
Change MoMFeb – Mar

Summary: The Lancaster real estate market had 182 homes for sale in Mar 2025, a 16.7 % increase compared to Feb 2025.

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
57Last MonthMar 2025
492 months agoFeb 2025
+16.3 %
Change MoMFeb – Mar

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.
BedsFeb 2025Mar 2025Change MoM
122
0.0%
23836
-5.3%
37195
+33.8%
43842
+10.5%
577
0.0%

Summary: Lancaster housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -5.3%. The inventory for 3 bedroom homes increased by +33.8%. The inventory for 4 bedroom homes increased by +10.5%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Lancaster, OH 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 Price14 Homes

At Asking Price16 Homes

Under Asking Price27 Homes

Insight

If you're buying a home in Lancaster, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.

Summary: A total of 57 homes were sold or pending in Lancaster in March 2025, up by 16.3% month-over-month. Of the 57 sold homes, 47% were sold under asking, 28% were sold at asking, and and 25% were sold over asking.

Days on Market for Lancaster, OH

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

Breakdown of Home Sale Times

Under 30 Days36 Homes

30 – 90 Days13 Homes

Over 90 Days8 Homes

Insight

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

Summary: During March 2025, 57 homes were sold in Lancaster; 63% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 14% 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.
This Year1 year agoChange YoY
40 DaysThis YearMar 2025
20 Days1 year agoMar 2024
+96.3 %
Change YoYMar 2024 – Mar 2025

Summary: Homes in Lancaster had an average listing age of 40 days in Mar 2025, up by 96.3% compared to the previous year.

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Newest Listings in Lancaster, OH

What homes are available in Lancaster, OH?

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MLS Disclaimers and Copyright

Based on information from Columbus and Central Ohio Regional MLS, and MLS Now for the period 04/01/2023 - 04/01/2025

IDX The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.

Copyright © 2025 Columbus and Central Ohio Regional Multiple Listing Service. 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: 4/13/2025, 2:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXCopyright 2025 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is 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 brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/13/2025, 2:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.