7 homes for sale in Colonial Estates, Lancaster

7 homes are for sale in Colonial Estates as of October 19, 2026. One more is under contract. The count comes from the MLS's public listing feed and refreshes every six hours; a listing whose seller opted out of internet display will not appear here.

Asking prices in Colonial Estates run from $39,900 to $115,000, with a median asking price of $57,000.

That depends on what you want from a home, and the honest answer comes from the numbers rather than adjectives. In Colonial Estates right now: the median home for sale asks $57,000, the typical home was built around 2021, most listings are in the Lancaster City School District (3.5 of 5 stars on the 2025-26 Ohio School Report Card) and HOA fees, where listed, run about $780 a month. Walk two or three of the listings on this page with me and you will know in an afternoon whether it fits.

The median listing in Colonial Estates has 3 bedrooms and 2 bathrooms and about 966 finished square feet, built around 2021. Construction years on the market run from 1991 to 2022. The median asking price works out to about $65 a square foot of finished space.

On the market in Colonial Estates right now: 6 homes on leased land and 1 single-family home. 6 homes sit on leased land (a manufactured-home community), so the price covers the home and not the lot.

Every listing in Colonial Estates with a district on record is in the Lancaster City School District, rated 3.5 of 5 stars overall on the 2025-26 Ohio School Report Card. The district comes from each listing's MLS record; attendance zones move, so confirm the assigned schools for any specific address with the district.

A median of 44 days as of October 19, 2026. That is the age of the listings still for sale, not how fast homes here sell; the ones that sold quickly have already left the page.

3 of the 7 homes for sale in Colonial Estates (43%) are now priced below their original asking price, by a median 4.4%. A reduction usually means the seller is open to a conversation, and its size shows how much room they have already given.

4 listings report an HOA fee, with a median of about $780 a month as entered on the MLS; 3 listings report no HOA. Fees are set per community and per billing period, so confirm the current amount for any specific home.

Colonial Estates is in Lancaster, Fairfield County, Ohio, ZIP 43130, based on the MLS records for the homes listed there.

I'm Adam Geuy, a REALTOR with Blacktree Realty, and I work with buyers and sellers across Central Ohio. Every active listing on this page has a Book a tour button that goes straight to my calendar (Coming Soon homes open for showings on their on-market date), and a free market report if you want to know whether a home is priced right or what your own home in Colonial Estates could bring. Call or text me at 937-239-2919.