Is Lemoore, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lemoore is a neutral's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Lemoore was a Seller's Market.

Key Takeaway

Lemoore is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Lemoore, CA

How much do homes in Lemoore, CA cost?

Median Sold Price

$390,000

$223/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$35,000(+9.9%)

Key Takeaway

Homes in Lemoore have sold for 9.9% more than they did a year ago.

Summary: The median home sold price in Lemoore was $390,000 in December 2024, up 9.9% from last year, and the median price per square foot was $223.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $1.8M-
N/A
2 $246K$289K
+17.5%
3 $355K$365K
+2.8%
4 $372.5K$404.9K
+8.7%
5+ $384.9K$480.9K
+24.9%

Summary: Lemoore housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 24.9%.

Housing Supply in Lemoore, CA

How many homes are available in Lemoore, CA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3435+2.9%

Summary: The Lemoore real estate market had 35 homes for sale in December 2024, a 2.9% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 33
0.0%
3 1215
+25.0%
4 1615
-6.3%
5+ 21
-50.0%

Summary: The Lemoore housing inventory by bedroom type for December 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 25%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
75-28.6%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lemoore, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Lemoore in December 2024, down by 28.6% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.

Days on Market for Lemoore, CA

How long does it take to sell a home in Lemoore, CA?

Average Sale Time

Dec 2023Dec 2024CHANGE
31 Days32 Days+4.0%

Summary: Homes in Lemoore had an average of 32 days on market in Dec 2024, up by 4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Lemoore has remained consistent over time.

Summary: During December 2024, 5 homes were sold in Lemoore; 40% of homes were sold within 30 days, 60% 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 4 Days Ago

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