Is Lancaster, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lancaster is a neutral's market

Buyer's
Market

Difference Since October 2021

At the same time last year, Lancaster was a Seller's Market.

Key Takeaway

Lancaster is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Lancaster, CA cost?

Median Sold Price

$450,328

$259/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$37,509(+9.1%)

Key Takeaway

Homes in Lancaster have sold for 9.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $300K$170.5K
-43.2%
2 $250K$318K
+27.2%
3 $375K$420K
+12.0%
4 $440K$474.8K
+7.9%
5+ $523.5K$575K
+9.8%

Median Sold Price Compared To Nearby Cities

Palmdale
+10.8%
Lancaster
+9.1%
North Antelope Valley
+8.7%
South Antelope Valley
+7.1%
Lake Hughes
+2.3%

How many homes are available in Lancaster, CA?

Number of Homes For Sale

Sep 2022Oct 2022%
442441-0.2%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 21
-50.0%
2 1616
0.0%
3 159171
+7.5%
4 198189
-4.5%
5+ 6764
-4.5%

Number of Homes Sold

Sep 2022Oct 2022%
10272-29.4%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

31 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lancaster, you could pay more than the asking price. 43.1% of homes here sold above asking price last month.

Average Sale Time

Oct 2021Oct 2022%
14 Days30 Days+111.4%

Breakdown of Home Sale Times

42 Homes Were Sold
Under 30 Days

27 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lancaster are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Lancaster, CA

Lancaster, CA has 441 homes for sale to choose from. Between September 2022 and October 2022, Lancaster, CA real estate market has seen decrease in the number of listings by 0.2%. While the average time on the market in October 2022 was 30 days, the median list price was $450,328. Real estate listing prices changed between September 2022 and October 2022: prices of 1 bedroom properties went down by 43.2%, 2 bedrooms properties prices increased by 27.2%, prices of 3 bedrooms properties increased by 12%, 4 bedrooms properties prices increased by 7.9%, prices of 5 bedrooms properties went up by 9.8%. Housing inventory have changed in this real estate market: number of 1 bedroom homes decreased by 50%, volume of 2 bedrooms homes stayed the same, 3 bedrooms homes became 7.5% more available, 4 bedrooms homes became 4.5% less available, 5 bedrooms homes inventory decreased by 4.5%. Over 31 listings were sold over their listed price in October 2022 in Lancaster, CA. In the same period over 25 listings were sold below the listed price and 16 listings were sold for the listed price.

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