Is Lompoc, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$579,000
$365/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lompoc was $579,000 in April 2024, up 9.6% from last year, and the median price per square foot was $365.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $752.5K | $325K | -56.8% |
2 Bedrooms | $344.5K | $347.5K | +0.9% |
3 Bedrooms | $515K | $567K | +10.1% |
4 Bedrooms | $572.5K | $671.5K | +17.3% |
5+ Bedrooms | $715K | $2.6M | +274.1% |
Summary: Lompoc housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 56.8%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes increased by 274.1%.
Housing Supply in Lompoc, CA
How many homes are available in Lompoc, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 47 | +17.5% |
Summary: The Lompoc real estate market had 47 homes for sale in April 2024, a 17.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 24 | 31 | +29.2% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Lompoc housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 29.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 12 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Lompoc in April 2024, up by 100.0% month-over-month. Of the 12 sold homes, 17% were sold under asking, 25% were sold at asking, and 58% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
20 Days | 66 Days | +219.9% |
Summary: Homes in Lompoc had an average of 66 days on market in Apr 2024, up by 219.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Lompoc; 58% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.