Is Lancaster, NY 14086 a buyer’s or seller’s market?
Lancaster is a seller’s market. With about 1.1 months of supply and 76% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 100% of U.S. ZIP codes, and #37 of 649 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Lancaster housing market right now
In the three months ending August 31, 2026, 76% of homes in Lancaster, NY 14086 sold above their list price, the typical home went under contract in 9 days and there were 1.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 100 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 69%, homes sold about as fast and the median sale price rose 17% to $451,804. Overall, Lancaster is more competitive than a year ago, so tougher for buyers.
Within Erie County, homes here sell faster than in 67% of the county’s ZIP codes, and sell more often over asking than in 79%. On our competition score, Lancaster ranks #37 of 649 NY ZIP codes with enough sales (score 98 out of 100).
Nearby, buyers who want less competition could look at Buffalo 14203 (0% sold over asking) or Bowmansville 14026 (0% sold over asking), while Colden 14033 (100% sold over asking) and East Concord 14055 (100% sold over asking) are even more competitive.
Run the numbers for 14086
Nearby markets
Akron 14001Seller’s market $199 /sq ftAlden 14004Seller’s market $224 /sq ftAngola 14006Seller’s market $184 /sq ftBoston 14025Seller’s market $248 /sq ft Browse all markets →Towns like Lancaster nearby
Find towns like Lancaster in other states →Where Lancaster is
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Questions about Lancaster real estate
Is Lancaster a buyer’s or seller’s market?
A seller’s market: there were 1.1 months of supply in Lancaster, NY 14086 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Lancaster?
The typical home went under contract in 9 days in the latest three months.
Do homes in Lancaster sell over asking?
76% of homes sold above their original list price, and the typical sale closed at 107.2% of the list price.
What are property taxes in Lancaster?
About 1.98% of a home’s value a year in Erie County, or roughly $7,920 on a $400,000 home.
What is the median home price in Lancaster?
The median sale price was $451,804 in the three months ending August 31, 2026, about $249 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology