Why Live in Lancaster
Lancaster, located 14 miles east of Buffalo, is a suburban town known for its large parks, highly rated schools, and a revitalized downtown village area. The Lancaster Central School District, including Hillview Elementary and Lancaster High School, is well-regarded, offering a quality education with opportunities for dual enrollment classes. The town features a variety of home styles, such as ranch-style, craftsman, farmhouse, and colonial revival, with properties typically having well-kept yards, driveways, and garages. Lancaster's real estate market is stable, though inventory shortages have driven up prices. Residents enjoy multiple grocery shopping options, including Tops Friendly Markets, Wegman’s, and Aldi. Dining options are diverse, with local favorites like The Yelling Goat, 99 Brick Oven, Frank’s Grill, and Skoobs Village Grill. For recreation, Como Lake Park offers year-round activities, including fishing, disc golf, hiking, and cross-country skiing, while Walden Pond Park provides facilities for various youth sports. The Lancaster Country Club, established in 1925, offers an 18-hole golf course and a swimming pool complex. Cultural attractions include the historic Lancaster Opera House, which hosts plays and concerts, and the Warren Hull House, the oldest surviving structure in Erie County. The town also hosts annual events like the Fall Festival, featuring live music, food trucks, and activities supporting the high school football team. Lancaster is safer than the national average, making it a practical choice for families seeking a community-oriented environment with plenty of things to do.
Frequently Asked Questions
What is the average home price in Lancaster, NY?
Homes for sale in Lancaster, NY have an average home price of $360,139.
How many homes have sold over the last 12 months in Lancaster, NY?
702 homes have sold in Lancaster, NY over the last 12 months.
What are the most popular zip codes in Lancaster, NY?
How much do you need to make to afford a house in Lancaster?
The median home price in Lancaster is $329,900. If you put a 20% down payment of $66,000 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $1,720 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $74K a year to afford the median home price in Lancaster.
How are the schools in Lancaster, NY?
Home Trends in Lancaster, NY
On average, homes in Lancaster, NY sell after 25 days on the market compared to the national average of 50 days. The median sale price for homes in Lancaster, NY over the last 12 months is $341,408, up 9% from the median home sale price over the previous 12 months.
Median Sale Price
$341,408
Median Single Family Sale Price
$354,500
Median Townhouse Sale Price
$299,900
Median 2 Bedroom Sale Price
$225,000
Average Price Per Sq Ft
$215
Number of Homes for Sale
55
Last 12 months Home Sales
702
Median List Price
$329,900
Median Change From 1st List Price
-4%
Median Home Sale Price YoY Change
9%
