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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lompoc is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Lompoc, CA

How much do homes in Lompoc, CA cost?

Median Sold Price

$590,000

$375/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$18,000(+3.1%)

Key Takeaway

Homes in Lompoc have sold for 3.1% more than they did a year ago.

Summary: The median home sold price in Lompoc was $590,000 in November 2024, up 3.1% from last year, and the median price per square foot was $375.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $752.5K$330K
-56.1%
2 $350K$400K
+14.3%
3 $552K$600K
+8.7%
4 $625K$646K
+3.4%
5+ $857.5K$715K
-16.6%

Summary: Lompoc housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 56.1%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 16.6%.

Housing Supply in Lompoc, CA

How many homes are available in Lompoc, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4643-6.5%

Summary: The Lompoc real estate market had 43 homes for sale in November 2024, a 6.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 47
+75.0%
3 2521
-16.0%
4 1110
-9.1%
5+ 65
-16.7%

Summary: The Lompoc 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 increased by 75%, 3 bedroom homes decreased by 16%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
168-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lompoc, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in Lompoc in November 2024, down by 50.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% 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

Nov 2023Nov 2024CHANGE
34 Days36 Days+6.4%

Summary: Homes in Lompoc had an average of 36 days on market in Nov 2024, up by 6.4% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lompoc are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 8 homes were sold in Lompoc; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% 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 17 Days Ago

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