Comprehensive market data and analysis• Updated Dec 2025
14.6 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 5 | 10 | 22 |
| 1-2 acres | - | 1 | 4 | 7 |
| 2-5 acres | 1 | 1 | 6 | 9 |
| 5-10 acres | - | 1 | 1 | 3 |
| 10-20 acres | - | - | 2 | 3 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | 1 |
| 100+ acres | - | - | - | - |
| TOTAL | 2 | 8 | 23 | 45 |
Acreage buckets
The median price for land in Lancaster, Ohio is currently $57K per acre. For a typical parcel, the median sale price is $60K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $12K while premium lots reached $385K.
Lancaster, Ohio is currently a strong buyer's market with 14.6 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 85.3% year-over-year.
Lancaster, Ohio currently has 14.6 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
Land in Lancaster, Ohio averages $134K per acre. The median price per acre is $57K, which may be more representative of typical transactions. Most parcels sold are around 1.0 acres.
Land in Lancaster, Ohio typically sells within 83 days of listing. The median time on market is 45 days. Properties are moving at a moderate pace in the current strong buyer's market.
The 3-month absorption rate in Lancaster, Ohio is 6.8%. The 12-month rate is 9.6%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
There are currently 39 active listings in Lancaster, Ohio. 11 new listings have hit the market in the last 90 days. The median asking price is $195K.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
