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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lathrop is a seller's market

Buyer's
Market

Difference Since June 2023

At the same time last year, Lathrop was a Neutral Market.

Key Takeaway

Lathrop is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lathrop, CA

How much do homes in Lathrop, CA cost?

Median Sold Price

$705,625

$304/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$45,625(+6.9%)

Key Takeaway

Homes in Lathrop have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in Lathrop was $705,625 in June 2024, up 6.9% from last year, and the median price per square foot was $304.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 --
N/A
2 -$310K
N/A
3 $584.5K$592.6K
+1.4%
4 $670K$698.2K
+4.2%
5+ $780K$818.2K
+4.9%

Summary: Lathrop housing prices by bedroom type for June 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 increased by 1.4%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 4.9%.

Median Sold Price Compared To Nearby Cities

Lathrop
+6.9%
Manteca
+3.1%

Housing Supply in Lathrop, CA

How many homes are available in Lathrop, CA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
5755-3.5%

Summary: The Lathrop real estate market had 55 homes for sale in June 2024, a 3.5% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1719
+11.8%
4 3233
+3.1%
5+ 83
-62.5%

Summary: The Lathrop housing inventory by bedroom type for June 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 11.8%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 62.5%.

Number of Homes Sold

May 2024Jun 2024CHANGE
1712-29.4%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lathrop, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Lathrop in June 2024, down by 29.4% month-over-month. Of the 12 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% 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

Jun 2023Jun 2024CHANGE
11 Days22 Days+101.2%

Summary: Homes in Lathrop had an average of 22 days on market in Jun 2024, up by 101.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 12 homes were sold in Lathrop; 33% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 18 Days Ago

Newest Listings in Lathrop, CA

Nearby Markets to Lathrop, CA

What housing markets are near Lathrop, CA?