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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lemoore is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Lemoore has remained a Seller's Market.

Key Takeaway

Lemoore is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lemoore, CA

How much do homes in Lemoore, CA cost?

Median Sold Price

$389,500

$222/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$29,500(+8.2%)

Key Takeaway

Homes in Lemoore have sold for 8.2% more than they did a year ago.

Summary: The median home sold price in Lemoore was $389,500 in November 2024, up 8.2% from last year, and the median price per square foot was $222.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $1.0M-
N/A
2 $242K$289K
+19.4%
3 $355K$358.9K
+1.1%
4 $391.5K$400K
+2.2%
5+ $384.9K$480.9K
+24.9%

Summary: Lemoore housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.4%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 2.2%, 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

Oct 2024Nov 2024CHANGE
3936-7.7%

Summary: The Lemoore real estate market had 36 homes for sale in November 2024, a 7.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 33
0.0%
3 1713
-23.5%
4 1717
0.0%
5+ 12
+100.0%

Summary: The Lemoore 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 remained the same, 3 bedroom homes decreased by 23.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
107-30.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lemoore, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Lemoore in November 2024, down by 30.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% 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

Nov 2023Nov 2024CHANGE
23 Days13 Days-43.5%

Summary: Homes in Lemoore had an average of 13 days on market in Nov 2024, down by 43.5% compared to last year.

Breakdown of Home Sale Times

6 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 Lemoore are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in Lemoore; 86% of homes were sold within 30 days, 14% 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 2 Days Ago

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