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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lomita is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Lomita has remained a Seller's Market.

Key Takeaway

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

How much do homes in Lomita, CA cost?

Median Sold Price

$830,000

$540/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$45,000(+5.7%)

Key Takeaway

Homes in Lomita have sold for 5.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $335K$380K
+13.4%
2 $550K$580K
+5.5%
3 $763.7K$851K
+11.4%
4 $953K$1.1M
+18.0%
5+ $899K$1.1M
+27.1%

Median Sold Price Compared To Nearby Cities

Palos Verdes Peninsula
+20.6%
Rolling Hills Estates
+16.3%
Torrance
+12.5%
Rancho Palos Verdes
+9.2%
Lomita
+5.7%

How many homes are available in Lomita, CA?

Number of Homes For Sale

Sep 2022Oct 2022%
4034-15.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 11
0.0%
2 98
-11.1%
3 1711
-35.3%
4 911
+22.2%
5+ 43
-25.0%

Number of Homes Sold

Sep 2022Oct 2022%
815+87.5%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lomita, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
16 Days20 Days+23.7%

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Lomita, CA

There are 34 homes are for sale in Lomita, CA real estate market. The number of homes for sale in Lomita, CA decreased by 15% between September 2022 and October 2022. The median list price of listings available in October 2022 was $830,000, while the average time on the real estate market was 20 days. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 13.4%, 2 bedrooms properties became 5.5% more expensive, prices of 3 bedrooms properties increased by 11.4%, the cost of 4 bedrooms properties went up by 18%, the cost of 5 bedrooms properties went up by 27.1%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes stayed the same, 2 bedrooms homes became 11.1% less available, number of 3 bedrooms homes decreased by 35.3%, volume of 4 bedrooms homes went up by 22.2%, the quantity of 5 bedrooms homes went down by 25%. Lomita, CA housing market in October 2022 saw over 2 listings sold above listed price, more than 4 sold at listed price and over 9 sold below.

Related Housing Market Reports