Town of Lancaster Home Prices & Values

No data Zillow Home Value Index

  • No data1-year change
  • No data 1-year forecast

The median list price per square foot in Town of Lancaster is $114, which is higher than the Buffalo Metro average of $99. The median price of homes currently listed in Town of Lancaster is $189,900 while the median price of homes that sold is $162,600.

Foreclosures will be a factor impacting home values in the next several years. In Town of Lancaster 0.7 homes are foreclosed (per 10,000). This is lower than the national value of 4.4

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Town of Lancaster is 7.0%, which is lower than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Town of Lancaster homeowners underwater on their mortgage is 5.3%.

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Relative ZHVI
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Town of Lancaster Market Overview

Data through Jul 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $189,900 Median listing price
  • $162,600 Median sale price (Jun 30, 2014)
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Town of Lancaster Market Health

Data through Jul 31, 2014
  • No recent data
  • No data Average of days on Zillow
  • 5.3% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 7.0% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

0.7 homes Town of Lancaster
4.4 homes United States
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US Metro Areas

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Los Angeles Metro $529,200 New York Metro $374,700 Washington Metro $359,900
Miami-Fort Lauderdale Metro $201,300 Philadelphia Metro $199,200 Chicago Metro $185,800
Houston Metro $150,700 Atlanta Metro $148,100 Dallas-Fort Worth Metro $147,100

Listings & Sales

Data through Jul 31, 2014
  • $114 Median list price / sq ft
  • $108 Median sale price / sq ft (Jun 30, 2014)
  • 40.2% Listings with price cut
28.9%
Sold below listing
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Town of Lancaster Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,490 Town of Lancaster
$1,187 Buffalo Metro
$1,318 United States
  • 3.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • No data Rent list price
  • No data Rent list price / sq ft
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