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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lancaster is a seller's market

Buyer's
Market

Difference Since October 2020

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.

How much do homes in Lancaster, CA cost?

Median Sold Price

$415,924

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$86,676(+26.3%)

Key Takeaway

Homes in Lancaster have sold for 26.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 $146.7K$300K
+104.4%
2 $209K$255K
+22.0%
3 $299.9K$375K
+25.0%
4 $349.9K$440.2K
+25.8%
5+ $425K$521.7K
+22.8%

Median Sold Price Compared To Nearby Cities

South Antelope Valley
+29.9%
Palmdale
+27.7%
North Antelope Valley
+27.3%
Lancaster
+26.3%
Lake Hughes
+21.5%

How many homes are available in Lancaster, CA?

Number of Homes For Sale

Sep 2021Oct 2021%
391248-36.6%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 11
0.0%
2 76
-14.3%
3 16999
-41.4%
4 160104
-35.0%
5+ 5438
-29.6%

Number of Homes Sold

Sep 2021Oct 2021%
13398-26.3%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

24 Homes Were Sold
At Asking

56 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. 57.1% of homes here sold above asking price last month.

Average Sale Time

Oct 2020Oct 2021%
17 Days14 Days-16.3%

Breakdown of Home Sale Times

88 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

0 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.

About Lancaster, CA

Homes for sale in Lancaster, CA have reached 248. The number of listings in Lancaster, CA decreased by 36.6% between September 2021 and October 2021. In October 2021 median list price was $415,924 and the average listing age was 14 days. This housing market listing prices have changed between September 2021 and October 2021: prices of 1 bedroom properties increased by 104.4%, 2 bedrooms properties prices increased by 22%, prices of 3 bedrooms properties increased by 25%, the cost of 4 bedrooms properties went up by 25.8%, 5 bedrooms properties prices increased by 22.8%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes did not move, the quantity of 2 bedrooms homes went down by 14.3%, the quantity of 3 bedrooms homes went down by 41.4%, volume of 4 bedrooms homes went down by 35%, 5 bedrooms homes became 29.6% less available. Lancaster, CA housing market in October 2021 saw over 56 listings sold above listed price, more than 24 sold at listed price and over 18 sold below.

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