$6,413 Closing Credit*
$540,000
2,064 SqFt
6 Beds
•3 Baths
Jennifer Cordtz, Listing Office: Keller Williams Realty A.V.
Is Lancaster, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Lancaster has remained a Seller's Market.
Key Takeaway
Lancaster is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lancaster, CA
How much do homes in Lancaster, CA cost?
Median Sold Price
$478,523
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$33,523(+7.5%)
Key Takeaway
Homes in Lancaster have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Lancaster was $478,523 in December 2024, up 7.5% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $182.5K | $319.9K | +75.3% |
| 2 Bedrooms | $310K | $335K | +8.1% |
| 3 Bedrooms | $415K | $440K | +6.0% |
| 4 Bedrooms | $474.1K | $515K | +8.6% |
| 5+ Bedrooms | $577.7K | $600K | +3.8% |
Summary: Lancaster housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 75.3%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 3.8%.
Median Sold Price Compared To Nearby Cities
| Lancaster | $445K | $478.5K | +7.5% |
| North Antelope Valley | $439.9K | $470.1K | +6.9% |
| Palmdale | $499.9K | $519.2K | +3.8% |
| South Antelope Valley | $520.9K | $535K | +2.7% |
| Lake Hughes | $416.2K | $415K | -0.3% |
Housing Supply in Lancaster, CA
How many homes are available in Lancaster, CA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 676 | 644 | -4.7% |
Summary: The Lancaster real estate market had 644 homes for sale in December 2024, a 4.7% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 7 | +40.0% |
| 2 Bedrooms | 29 | 38 | +31.0% |
| 3 Bedrooms | 256 | 240 | -6.3% |
| 4 Bedrooms | 280 | 267 | -4.6% |
| 5+ Bedrooms | 106 | 92 | -13.2% |
Summary: The Lancaster housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 31%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes decreased by 13.2%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 116 | 136 | +17.2% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
47 Homes Were Sold
At Asking
43 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lancaster, expect to pay close to the asking price. 34.6% of homes here sold near the asking price last month.
Summary: A total of 136 homes were sold or pending in Lancaster in December 2024, up by 17.2% month-over-month. Of the 136 sold homes, 34% were sold under asking, 35% were sold at asking, and 32% were sold over asking.
Days on Market for Lancaster, CA
How long does it take to sell a home in Lancaster, CA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 35 Days | 42 Days | +18.3% |
Summary: Homes in Lancaster had an average of 42 days on market in Dec 2024, up by 18.3% compared to last year.
Breakdown of Home Sale Times
62 Homes Were Sold
Under 30 Days
57 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lancaster are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 136 homes were sold in Lancaster; 46% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.