Lancaster Real Estate

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Lancaster Real Estate & Homes for Sale in South Carolina

Forty miles south of Charlotte, North Carolina is the intimate and historic community of Lancaster. Called the "Red Rose City", Lancaster is in the heart of the Olde English District, a tourism region that encompasses seven counties at the north end of South Carolina.

The city of Lancaster and the surrounding region has a long and storied history dating back to the English settlement in the 1770s. Even though Lancaster has its eyes on the future, the community has kept its quiet charm, one that is reminiscent of simpler times. With a population of about 8,000, Lancaster is still a small community. The real estate market here in Lancaster is diverse with single-family residences, large estates and some listings for condos anchoring the local market.

Located near the intersections of State Routes 9 and 903 and U.S. Route 521, Lancaster has convenient access to the cultural and recreational opportunities throughout the county and the state. The city also has a surprisingly strong local economy, bolstered by the presence of three large corporate headquarters: KMG America, Springs Industries, and Duracell.

Much of Lancaster's visual appeal is in its attractive downtown district. Landmarks include two buildings designed by Robert Mills, the creative mind behind the Washington Monument. The city is also considered a shopping and dining destination, offering a mix of independently owned and national restaurants as well as shops. For those aged 55 and older, the Sun City Carolina Lakes community is also located in Lancaster County. Sun City features many resort-style amenities and a variety of single-family homes and villas available for purchase.

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Price Range of Lancaster Homes for Sale

In recent years the entire county of Lancaster (including the Red Rose City) has boomed. Homeowners are attracted to the community's affordable, well located housing and family-oriented lifestyle. Housing options in Lancaster range from cozy, historic homes to larger estates with an expanse of acreage. Prices for detached single-family homes in Lancaster, SC range from less than $100,000 to upwards of $700,000. Modern, family-style homes are available in several subdivisions such as Forest Hills, Greenbriar, Millstone Creek, Providence Crossing and Whitehall. Many of these homes offer large yards, central air conditioning and/or swimming pools. A few listings for condominiums and townhomes can be found in Lancaster with prices starting from less than $100,000.

Lancaster Real Estate Stats and Trends for the week of April 19th, 2020: homes priced around $173,450 compared to $173,450 the previous week, to remain steady with no change in listing price.  For Sunday, April 19th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.

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