Is Lompoc, 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, Lompoc has remained a Seller's Market.
Housing Prices in Lompoc, CA
How much do homes in Lompoc, CA cost?
Median Sold Price
$581,750
$375/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Lompoc was $581,750 in June 2024, up 8.7% from last year, and the median price per square foot was $375.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $752.5K | $330K | -56.1% |
2 Bedrooms | $344K | $343K | -0.3% |
3 Bedrooms | $515K | $580K | +12.6% |
4 Bedrooms | $570K | $676.5K | +18.7% |
5+ Bedrooms | $850K | $2.6M | +214.7% |
Summary: Lompoc housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 56.1%, 2 bedroom homes decreased by 0.3%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes increased by 214.7%.
Housing Supply in Lompoc, CA
How many homes are available in Lompoc, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
59 | 57 | -3.4% |
Summary: The Lompoc real estate market had 57 homes for sale in June 2024, a 3.4% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 12 | +50.0% |
3 Bedrooms | 37 | 34 | -8.1% |
4 Bedrooms | 12 | 10 | -16.7% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Lompoc 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 increased by 50%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
17 | 19 | +11.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Lompoc in June 2024, up by 11.8% month-over-month. Of the 19 sold homes, 32% were sold under asking, 16% were sold at asking, and 53% were sold over asking.
Days on Market for Lompoc, CA
How long does it take to sell a home in Lompoc, CA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
22 Days | 29 Days | +29.6% |
Summary: Homes in Lompoc had an average of 29 days on market in Jun 2024, up by 29.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During June 2024, 19 homes were sold in Lompoc; 68% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.