Is Lomita, 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, Lomita has remained a Seller's Market.
Housing Prices in Lomita, CA
How much do homes in Lomita, CA cost?
Median Sold Price
$856,000
$559/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lomita was $856,000 in March 2024, up 1.6% from last year, and the median price per square foot was $559.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $377.5K | $384K | +1.7% |
2 Bedrooms | $616.7K | $635K | +3.0% |
3 Bedrooms | $855K | $880K | +2.9% |
4 Bedrooms | $1.1M | $1.0M | -12.4% |
5+ Bedrooms | $1.3M | $1.4M | +6.9% |
Summary: Lomita housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.7%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 12.4%, and 5+ bedroom homes increased by 6.9%.
Median Sold Price Compared To Nearby Cities
Palos Verdes Peninsula | $2.3M | $2.4M | +6.3% |
Lomita | $842.5K | $856K | +1.6% |
Rancho Palos Verdes | $1.7M | $1.7M | +0.9% |
Rolling Hills Estates | $1.7M | $1.6M | -3.0% |
Torrance | $1.0M | $1.0M | -7.8% |
Housing Supply in Lomita, CA
How many homes are available in Lomita, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
29 | 31 | +6.9% |
Summary: The Lomita 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 | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 15 | 17 | +13.3% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Lomita 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 decreased by 14.3%, 3 bedroom homes increased by 13.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 14 | +133.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Lomita in March 2024, up by 133.3% month-over-month. Of the 14 sold homes, 36% were sold under asking, 7% were sold at asking, and 57% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
25 Days | 46 Days | +79.8% |
Summary: Homes in Lomita had an average of 46 days on market in Mar 2024, up by 79.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in Lomita; 50% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.