$4,334 Closing Credit*
$365,000
1,240 SqFt
3 Beds
•2 Full Baths
Andy Dang, Listing Office: Pellego, Inc.
Is Lancaster, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Lancaster has remained a Seller's Market.
Key Takeaway
Lancaster is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lancaster, CA
How much do homes in Lancaster, CA cost?
Median Sold Price
$475,450
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,450(+6.8%)
Key Takeaway
Homes in Lancaster have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Lancaster was $475,450 in November 2024, up 6.8% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $192.5K | $280K | +45.5% |
| 2 Bedrooms | $310K | $335K | +8.1% |
| 3 Bedrooms | $410K | $444.7K | +8.5% |
| 4 Bedrooms | $475K | $511.2K | +7.6% |
| 5+ Bedrooms | $573K | $598.5K | +4.5% |
Summary: Lancaster housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.5%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 4.5%.
Median Sold Price Compared To Nearby Cities
| North Antelope Valley | $434.9K | $470K | +8.1% |
| Lancaster | $445K | $475.4K | +6.8% |
| Palmdale | $498K | $518.4K | +4.1% |
| South Antelope Valley | $525K | $540K | +2.9% |
Housing Supply in Lancaster, CA
How many homes are available in Lancaster, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 552 | 524 | -5.1% |
Summary: The Lancaster real estate market had 524 homes for sale in November 2024, a 5.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 30 | 23 | -23.3% |
| 3 Bedrooms | 203 | 190 | -6.4% |
| 4 Bedrooms | 225 | 214 | -4.9% |
| 5+ Bedrooms | 90 | 93 | +3.3% |
Summary: The Lancaster housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 23.3%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 3.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 113 | 96 | -15.0% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
41 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lancaster, you could pay more than the asking price. 42.7% of homes here sold above asking price last month.
Summary: A total of 96 homes were sold or pending in Lancaster in November 2024, down by 15.0% month-over-month. Of the 96 sold homes, 30% were sold under asking, 27% were sold at asking, and 43% were sold over asking.
Days on Market for Lancaster, CA
How long does it take to sell a home in Lancaster, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 35 Days | +3.6% |
Summary: Homes in Lancaster had an average of 35 days on market in Nov 2024, up by 3.6% compared to last year.
Breakdown of Home Sale Times
58 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lancaster are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 96 homes were sold in Lancaster; 60% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.