$6,234 Closing Credit*
$525,000
2,486 SqFt
4 Beds
•3 Full Baths
Carol Laffite, Listing Office: Re/Max All-Pro
Is Lancaster, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$475,000
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,007(+6.7%)
Key Takeaway
Homes in Lancaster have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Lancaster was $475,000 in October 2024, up 6.7% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $240K | +29.7% |
| 2 Bedrooms | $303.5K | $333K | +9.7% |
| 3 Bedrooms | $410K | $439.4K | +7.2% |
| 4 Bedrooms | $475K | $510K | +7.4% |
| 5+ Bedrooms | $575K | $596.5K | +3.7% |
Summary: Lancaster housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.7%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Cities
| North Antelope Valley | $437.6K | $469K | +7.2% |
| Lancaster | $444.9K | $475K | +6.7% |
| Palmdale | $499.9K | $514.3K | +2.9% |
| South Antelope Valley | $525K | $540K | +2.9% |
| Lake Hughes | $418K | $412.5K | -1.3% |
Housing Supply in Lancaster, CA
How many homes are available in Lancaster, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 530 | 580 | +9.4% |
Summary: The Lancaster real estate market had 580 homes for sale in October 2024, a 9.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 28 | 35 | +25.0% |
| 3 Bedrooms | 210 | 210 | 0.0% |
| 4 Bedrooms | 201 | 234 | +16.4% |
| 5+ Bedrooms | 89 | 97 | +9.0% |
Summary: The Lancaster housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes increased by 9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 97 | 105 | +8.2% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
46 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lancaster, you could pay more than the asking price. 43.8% of homes here sold above asking price last month.
Summary: A total of 105 homes were sold or pending in Lancaster in October 2024, up by 8.2% month-over-month. Of the 105 sold homes, 35% were sold under asking, 21% were sold at asking, and 44% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 40 Days | +40.1% |
Summary: Homes in Lancaster had an average of 40 days on market in Oct 2024, up by 40.1% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
13 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 October 2024, 105 homes were sold in Lancaster; 56% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 12% 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.