Lancaster, OH Foreclosures
How much do homes sell for in Lancaster, OH?
The average home price is currently $308,916.
In Lancaster, OH, how many homes are available?
There are currently 115 active home listings available in Lancaster.
What’s the average rental cost in Lancaster, OH?
The average rental price in Lancaster is $1,334.
What is the most expensive home in Lancaster?
The most expensive home sold in Lancaster had a price of $55,748,800.
What is currently the cheapest priced home in Lancaster, OH?
The cheapest home for sale in Lancaster is priced at $10,553.
Living in Lancaster, OH
Lancaster, OH is a picturesque city with a rich historical background and a warm community ambiance. With its diverse range of local amenities, beautiful natural landscapes, and quality educational institutions, Lancaster is a great place for both families and individuals seeking a balance of relaxation and activity.
Current Market Conditions in Lancaster, OH
The Lancaster real estate market is currently stable, with a steady demand for homes due to its attractive lifestyle offerings. Home prices have seen a healthy appreciation over the last year, primarily driven by the city's growth and emerging amenities. Buyers are actively looking for properties, which has resulted in competitive bidding in some neighborhoods, particularly for well-maintained homes.
Recently, open houses and home showings have witnessed increased attendance, indicating a rise in buyer interest. The inventory of homes for sale is relatively balanced; however, desirable properties can sell quickly, sometimes within just days of listing, which underscores the positive momentum in the local real estate market.
Home Value Estimator For Lancaster, OH
There are currently 21,293 real estate properties
in Lancaster, OH,
with a median automated valuation model (AVM) price
of $252,443.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lancaster, OH, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Lancaster, OH,
is $308,916.00, with the most expensive house
in Lancaster, OH, topping out
at $55,748,800.00 and the cheapest home
in Lancaster, OH,
clocking in at $10,553.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lancaster, OH!
Rent Prices
In Lancaster, OH
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lancaster, OH, is on
a rollercoaster ride. The
average rent price in Lancaster, OH,
is $1,334.00. Indeed, when looking to rent in
Lancaster, OH, you can expect to pay as little
as $500.00 or as much
as $2,780.00,
with the average rent median estimated to
be $1,290.00. The good news is that finding
an affordable and desirable property to rent in Lancaster, OH
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
