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Lancaster housing market report reveals price growth, tight inventory
The Lancaster County Association of Realtors’ February Housing Market Report revealed that despite fewer homes entering the market, there was continued price growth.
The latest data released by the Lancaster County Association of Realtors (LCAR) was provided by Bright MLS.
“Lancaster County’s housing market showed continued price growth in February despite fewer homes entering the market, according to the latest data from Bright MLS,” LCAR President Christina Diehl said in a statement. “New listings totaled 307 in February, down 12.0% from January and 15.9% compared to February 2025, reflecting ongoing inventory constraints.”
The LCAR report shows that 686 homes have been listed thus far this year, which was a 5.5% decrease from this time last February. While buyer demand remained steady with 312 new pending sales, it decreased slightly from January 2026 (-5.2%) as well as February 2025 (-2.8%). February 2026 showed 278 homes closed, which was 6.5% higher than a year ago at this time. Year-to-date closed sales remain 8.5% lower than last year.
“Home prices continued to increase,” Diehl said. “The median sold price reached $349,950, rising 7.7% from January and 2.2% year-over-year. Year-to-date, the median price stands at $340,000, up 1.5% from 2025.”
The LCAR report shows that with 496 active listings, inventory remains tight but stable. Displaying continued competition among buyers, homes sold in an average of 31 days and achieved an average sold-to-list price ratio of 100.5%.
“Overall, the February data suggests Lancaster County’s housing market remains competitive, with steady buyer demand and continued price growth despite fewer homes entering the market,” said Diehl.
