Is Lomita, 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, Lomita has remained a Seller's Market.
Housing Prices in Lomita, CA
How much do homes in Lomita, CA cost?
Median Sold Price
$850,500
$560/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Lomita was $850,500 in June 2024, up 0.1% from last year, and the median price per square foot was $560.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $380K | $384K | +1.1% |
2 Bedrooms | $605.5K | $685K | +13.1% |
3 Bedrooms | $875K | $857K | -2.1% |
4 Bedrooms | $1.2M | $1.0M | -15.1% |
5+ Bedrooms | $1.5M | $1.3M | -10.8% |
Summary: Lomita housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.1%, 2 bedroom homes increased by 13.1%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 15.1%, and 5+ bedroom homes decreased by 10.8%.
Median Sold Price Compared To Nearby Cities
Palos Verdes Peninsula | $2.2M | $2.5M | +10.7% |
Lomita | $850K | $850.5K | 0.1% |
Rancho Palos Verdes | $1.7M | $1.6M | -1.2% |
Torrance | $1.0M | $1.0M | -3.5% |
Rolling Hills Estates | $1.7M | $1.6M | -4.2% |
Housing Supply in Lomita, CA
How many homes are available in Lomita, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
32 | 31 | -3.1% |
Summary: The Lomita real estate market had 31 homes for sale in June 2024, a 3.1% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 9 | 10 | +11.1% |
3 Bedrooms | 12 | 8 | -33.3% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Lomita housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
6 | 13 | +116.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Lomita in June 2024, up by 116.7% month-over-month. Of the 13 sold homes, 23% were sold under asking, 0% were sold at asking, and 77% were sold over asking.
Days on Market for Lomita, CA
How long does it take to sell a home in Lomita, CA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
28 Days | 23 Days | -18.3% |
Summary: Homes in Lomita had an average of 23 days on market in Jun 2024, down by 18.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 13 homes were sold in Lomita; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.