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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lompoc is a seller's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

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

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

+$46,750(+8.7%)

Key Takeaway

Homes in Lompoc have sold for 8.7% more than they did a year ago.

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

# BEDSJun 2023Jun 2024CHANGE
1 $752.5K$330K
-56.1%
2 $344K$343K
-0.3%
3 $515K$580K
+12.6%
4 $570K$676.5K
+18.7%
5+ $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 2024Jun 2024CHANGE
5957-3.4%

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

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 812
+50.0%
3 3734
-8.1%
4 1210
-16.7%
5+ 21
-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 2024Jun 2024CHANGE
1719+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lompoc, you could pay more than the asking price. 52.6% of homes here sold above asking price last month.

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 2023Jun 2024CHANGE
22 Days29 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 26 Days Ago

Newest Listings in Lompoc, CA

Nearby Markets to Lompoc, CA