Why Live in Lancaster
Lancaster, NY, established in 1833, is a suburban town located 14 miles east of Buffalo. The town features multiple large parks and a revitalized downtown village area with local boutiques and restaurants on Central Avenue. Residents enjoy dining options such as The Yelling Goat, 99 Brick Oven, Frank’s Grill, and Skoobs Village Grill. Lancaster Central School District serves the community with highly rated schools, including Hillview Elementary and Lancaster High School, which offers dual enrollment classes for college credit. The town's subdivisions offer a variety of home styles, including ranch, craftsman, farmhouse, and colonial revival, with well-kept yards and garages. Lancaster is safer than the national average, contributing to its appeal. Recreational opportunities abound at Como Lake Park, with activities like fishing, disc golf, hiking, biking, cross-country skiing, and sledding. Walden Pond Park provides facilities for softball, volleyball, and youth sports. Lancaster Country Club offers an 18-hole golf course and swimming pool complex. The Lancaster Opera House hosts plays and concerts, while the annual Fall Festival features live music, food trucks, and more. The historic Warren Hull House offers tours by appointment, showcasing life in Erie County 200 years ago.
Frequently Asked Questions
What is the average home price in Lancaster, NY?
Homes for sale in Lancaster, NY have an average home price of $356,751.
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 $325,000. If you put a 20% down payment of $65,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $1,680 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $72K 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 $338,500, up 6% from the median home sale price over the previous 12 months.
Median Sale Price
$338,500
Median Single Family Sale Price
$342,000
Median Townhouse Sale Price
$305,000
Median 2 Bedroom Sale Price
$222,650
Average Price Per Sq Ft
$216
Number of Homes for Sale
49
Last 12 months Home Sales
702
Median List Price
$325,000
Median Change From 1st List Price
-3%
Median Home Sale Price YoY Change
6%
