Is Lathrop, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Lathrop has remained a Seller's Market.
Housing Prices in Lathrop, CA
How much do homes in Lathrop, CA cost?
Median Sold Price
$698,292
$304/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lathrop was $698,292 in March 2024, up 2% from last year, and the median price per square foot was $304.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $310K | N/A |
3 Bedrooms | $630K | $597K | -5.2% |
4 Bedrooms | $690.1K | $690K | 0% |
5+ Bedrooms | $826.3K | $747K | -9.6% |
Summary: Lathrop housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 5.2%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 9.6%.
Housing Supply in Lathrop, CA
How many homes are available in Lathrop, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
29 | 31 | +6.9% |
Summary: The Lathrop real estate market had 31 homes for sale in March 2024, a 6.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 4 | 6 | +50.0% |
4 Bedrooms | 18 | 16 | -11.1% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Lathrop housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 12 | +50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Lathrop in March 2024, up by 50.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 17% were sold at asking, and 42% were sold over asking.
Days on Market for Lathrop, CA
How long does it take to sell a home in Lathrop, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
71 Days | 40 Days | -43.7% |
Summary: Homes in Lathrop had an average of 40 days on market in Mar 2024, down by 43.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in Lathrop; 42% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.