Lancaster County, VA Home Values & Market Trends

The median home price in Lancaster County, VA is $337,811.26. There were 277 home sales in Lancaster County, VA over the past 12 months. The median residential Lancaster County, VA home value for transactions over the previous year is $295,000. The number of current listings in Lancaster County, VA is 44, and the percentage of properties for sale is 44.00%. The county has 10 foreclosures, 3 bank owned properties, 7 headed for auction, and 44 properties for sale.

Lancaster County, VA Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Kilmarnock

$ 516,796

$ 203/sqft

White Stone

$ 425,273

$ 266/sqft

Lancaster

$ 188,546

$ 143/sqft

Irvington

$ 876,706

$ 301/sqft

Weems

$ 648,171

$ 208/sqft

Housing Market Summary for Lancaster County, VA

Apr 2023March 2024Change
Median Listing Price$399K$395K-1.00%
Median Sold Price$312.8K$395K26.29%
Homes For Sale434913.95%
Homes Sold184182-1.09%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Lancaster County, VA

Lancaster County, VA home values range from $24,785 to $51,213,980. Irvington is the priciest city with a median listing home price of $824,500, and Lancaster is most affordable with average house prices of around $269,000.

Foreclosure
There are 5 cities within Lancaster County, VA; within these cities, the median estimated home value for homes in foreclosure ranges from $545,508 in White Stone to the lowest value of $95,434 in White Stone. Foreclosure homes account for 0.00% of properties in Lancaster County, VA with Lancaster containing 4 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Lancaster County, VA with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 5 cities within Lancaster County, VA; of those cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Lancaster County, VA ranges from the highest value of $145,969 in Lancaster to the lowest value of $99,900 in Weems. Bank owned homes and properties account for 0.04% of properties in Lancaster County, VA. There are 5 cities within Lancaster County, VA; Lancaster containing 2 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    White Stone has 3 auction properties, the highest number of properties going to auction in a single city in the state of Lancaster County, VA. Auction homes and other auction properties account for 0.10% of all properties in Lancaster County, VA. There are 5 cities within Lancaster County, VA; of those cities, the median estimated home value for homes going to auction ranges from $126,597 in Lancaster to the lowest value of $95,434 in Lancaster.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.62% of residential properties in Lancaster County, VA with Kilmarnock containing 14 homes for sale, the highest number of listed properties in a single city. There are 5 cities within Lancaster County, VA; homes for sale in those cities, have a range of median values from $1,713,240 in Irvington to the lowest value of $29,544 in Lancaster.
    Sold Homes
    The median value for recently sold homes ranges from $1,684,530 in Irvington to the lowest price of $24,785 in Irvington. There are 5 cities within Lancaster County, VA. Lancaster has 63 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.74% of properties in Lancaster County, VA.

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      Guide for Lancaster County, VA

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      Chesapeake Property Values Rise 7%, Sales Dynamics Vary in Recent Analysis
      Market Reports|posted 20 March 2024

      The Chesapeake real estate market has seen steady growth in property values, increasing by 7% over 11 months.

      Recently Listed Homes Lancaster County, VA

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