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 January 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

$581,500

$353/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$51,550(+9.7%)

Key Takeaway

Homes in Lompoc have sold for 9.7% more than they did a year ago.

Summary: The median home sold price in Lompoc was $581,500 in January 2024, up 9.7% from last year, and the median price per square foot was $353.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 -$752.5K
N/A
2 $345K$349K
+1.2%
3 $520K$560K
+7.7%
4 $575K$662.5K
+15.2%
5+ $580K$857.5K
+47.8%

Summary: Lompoc housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 47.8%.

Housing Supply in Lompoc, CA

How many homes are available in Lompoc, CA?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
2833+17.9%

Summary: The Lompoc real estate market had 33 homes for sale in January 2024, a 17.9% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 10
-100.0%
2 32
-33.3%
3 1624
+50.0%
4 54
-20.0%
5+ 33
0.0%

Summary: The Lompoc housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

6 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. 100% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Lompoc in January 2024, up by 50.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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

Jan 2023Jan 2024CHANGE
54 Days27 Days-48.5%

Summary: Homes in Lompoc had an average of 27 days on market in Jan 2024, down by 48.5% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 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 January 2024, 6 homes were sold in Lompoc; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% 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 23 Days Ago

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