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 October 2021

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.

How much do homes in Lompoc, CA cost?

Median Sold Price

$515,000

$337/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$50,000(+10.8%)

Key Takeaway

Homes in Lompoc have sold for 10.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $340K-
N/A
2 $315K$337K
+7.0%
3 $449K$504.5K
+12.4%
4 $500K$560K
+12.0%
5+ $650K$610K
-6.2%

How many homes are available in Lompoc, CA?

Number of Homes For Sale

Sep 2022Oct 2022%
3429-14.7%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 11
0.0%
2 43
-25.0%
3 1914
-26.3%
4 810
+25.0%
5+ 21
-50.0%

Number of Homes Sold

Sep 2022Oct 2022%
139-30.8%

Asking Price vs. Sold Price

3 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 Lompoc, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.

Average Sale Time

Oct 2021Oct 2022%
7 Days37 Days+366.4%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

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

About Lompoc, CA

Lompoc, CA has 29 homes on the market. Between September 2022 and October 2022, Lompoc, CA real estate market has seen decrease in the number of listings by 14.7%. In October 2022, listings were on the market for 37 days. During the same period, the median list price in this real estate market was $515,000. Listing prices have changed in this real estate market between September 2022 and October 2022: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 7%, 3 bedrooms properties prices increased by 12.4%, the cost of 4 bedrooms properties went up by 12%, 5 bedrooms properties prices decreased by 6.2%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes went down by 25%, 3 bedrooms homes became 26.3% less available, 4 bedrooms homes became 25% more available, volume of 5 bedrooms homes went down by 50%. In October 2022 more than 2 listings in Lompoc, CA were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 3 were sold below.