Lancaster, PA metro area Housing Market
Hot MarketComprehensive housing market data for the Lancaster, PA metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$350K
↑ 5.9% YoY
Days on Market
12 days
↑ 50.0% YoY
Active Inventory
453
↑ 2.3% YoY
Homes Sold
367
↓ 3.2% YoY
Hot Market
Homes are selling quickly with strong competition among buyers.
Lancaster, PA metro area Market Summary
The Lancaster, PA metro area housing market is heating up. As of March 2026, the median home sale price is $350K, up 5.9% year-over-year. Homes are spending a median of 12 days on the market, 50.0% longer than a year ago.
There are 453 homes for sale — 2.3% more than last year. With 1.2 months of supply, this is a seller's market. 471 new listings were added during this period, up 3.7% year-over-year.
Homes are selling for 101.7% of their list price on average, indicating buyers are paying above asking. 44.1% of homes sell above their asking price. 27.1% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
37
Contributing Factors
How This Market Compares
vs. National Median
vs. Pennsylvania Median
Investor Takeaway
This is a highly competitive market. Be prepared to move quickly and potentially offer above asking price. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 20% below the national median, which could indicate stronger cash flow potential.
Lancaster, PA metro area Market Trends
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Detailed Market Metrics
Median List Price
$350K
Price per Sq Ft
$204
Sale-to-List Ratio
101.7%
Months of Supply
1.2
Sold Above List
44.1%
Price Drops
27.1%
New Listings
471
↑ 3.7% YoY
Pending Sales
461
Off Market in 2 Weeks
62.9%
Other Markets in Pennsylvania
Pittsburgh, PA metro area
$250K · 72d on market
Philadelphia, PA metro area
$290K · 56d on market
Montgomery County, PA metro area
$500K · 35d on market
Allentown, PA metro area
$345K · 21d on market
Harrisburg, PA metro area
$285K · 17d on market
York, PA metro area
$290K · 20d on market
Scranton, PA metro area
$240K · 36d on market
Reading, PA metro area
$290K · 13d on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.