Sales Down in Lancaster Real Estate Market

The Lancaster market broke below its 12-month average sales volume this week as sales fell 22.0% to hit 32 homes sold over the last 30 days. In comparison, nearby Dallas had 936 sales in the same time frame, the most of all neighboring cities. Prices are falling in Lancaster, and this period the median price of all sales fell from $139,500 to $137,200. In spite of the decrease in sales, a low three months of inventory signals that Lancaster is a seller's market.

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Demographic facts for Lancaster:

  • This area has a population growth rating of 64. (Scale: 1 = Worst, 100 = Best)
  • For every 100,000 people there are 291.2 physicians.
  • The area's health cost index score is 100.0. (100 = national average)
  • 81.4% of the residents travel to work in an automobile, 12.5% via carpool, and 1.8% by way of public transit.

Data reported through 10/19/2016


Ask a local expert about this area:
Justin Henry Real Estate Advisors LLC
43 reviews
Abbie Castle
Snapped 13 homes in this area
Ultima Real Estate
Snapped 4 homes in this area

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