Lancaster Real Estate Market Update February 2023

Lancaster, California is a growing city located in the Antelope Valley region of Los Angeles County. The city has a vibrant real estate market with a range of housing options available for buyers. Let’s take a closer look at the current state of the Lancaster real estate market.

Active Homes

As of the time of writing, there are 388 active homes on the market in Lancaster. This means that there are plenty of options for buyers looking to purchase a home in the city.

Average Home Listing Price

The average home listing price in Lancaster is $425,000. This is a reasonable price for a city that offers so much to its residents. With a range of housing options available, buyers can find a home that fits their budget and their lifestyle.

Average Price Per Square Foot

The average price per square foot for a home in Lancaster is $259. This is a reasonable price when compared to other cities in the region. It’s important to note that the price per square foot can vary depending on the location and type of home.

Homes Sold

In the last 30 days, 67 homes have been sold in Lancaster. This shows that there is a strong demand for homes in the city. With plenty of buyers looking to purchase a home in Lancaster, sellers have the advantage in the current market.

Average Days on Market

The average days on market for a home in Lancaster is 57 days. This is a relatively short time compared to other cities in the region. Homes in Lancaster tend to sell quickly, which is great news for sellers.

Average Sold Price

The average sold price for a home in Lancaster is $435,000. This is a reasonable price for a city that offers so much to its residents. With a range of housing options available, buyers can find a home that fits their budget and their lifestyle.

In conclusion, the Lancaster real estate market is thriving with a range of housing options available to buyers. With a reasonable average home listing price, a strong demand for homes, and a relatively short average time on the market, Lancaster is a great place to buy or sell a home. If you’re interested in purchasing or selling a home in Lancaster, be sure to work with a local real estate agent who can provide you with the expertise and guidance you need to navigate the market.