Is Lancaster, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Lancaster has remained a Seller's Market.
Housing Prices in Lancaster, CA
How much do homes in Lancaster, CA cost?
Median Sold Price
$465,000
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Lancaster was $465,000 in June 2024, up 5.7% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $260K | +44.4% |
2 Bedrooms | $303.5K | $330K | +8.7% |
3 Bedrooms | $405K | $429.9K | +6.2% |
4 Bedrooms | $465K | $499.5K | +7.4% |
5+ Bedrooms | $567.7K | $590K | +3.9% |
Summary: Lancaster housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.4%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 3.9%.
Median Sold Price Compared To Nearby Cities
Lancaster | $439.9K | $465K | +5.7% |
North Antelope Valley | $434.7K | $458.3K | +5.4% |
South Antelope Valley | $526.6K | $535K | +1.6% |
Palmdale | $499.1K | $504.3K | +1.0% |
Housing Supply in Lancaster, CA
How many homes are available in Lancaster, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
486 | 464 | -4.5% |
Summary: The Lancaster real estate market had 464 homes for sale in June 2024, a 4.5% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 28 | 26 | -7.1% |
3 Bedrooms | 190 | 178 | -6.3% |
4 Bedrooms | 187 | 173 | -7.5% |
5+ Bedrooms | 77 | 81 | +5.2% |
Summary: The Lancaster housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes increased by 5.2%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
125 | 96 | -23.2% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
42 Homes Were Sold
Over Asking
Summary: A total of 96 homes were sold or pending in Lancaster in June 2024, down by 23.2% month-over-month. Of the 96 sold homes, 29% were sold under asking, 27% were sold at asking, and 44% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
34 Days | 29 Days | -14.2% |
Summary: Homes in Lancaster had an average of 29 days on market in Jun 2024, down by 14.2% compared to last year.
Breakdown of Home Sale Times
64 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During June 2024, 96 homes were sold in Lancaster; 67% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.