Is Lancaster, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lancaster has remained a Seller's Market.
Housing Prices in Lancaster, CA
How much do homes in Lancaster, CA cost?
Median Sold Price
$459,972
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lancaster was $459,972 in April 2024, up 3.4% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $177.5K | $240K | +35.2% |
2 Bedrooms | $300K | $313.5K | +4.5% |
3 Bedrooms | $410K | $425K | +3.7% |
4 Bedrooms | $465K | $489.9K | +5.4% |
5+ Bedrooms | $570.5K | $580K | +1.7% |
Summary: Lancaster housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.2%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Cities
Lake Hughes | $392.5K | $410K | +4.5% |
Lancaster | $445K | $459.9K | +3.4% |
North Antelope Valley | $439.1K | $450K | +2.5% |
South Antelope Valley | $526.3K | $530.6K | +0.8% |
Palmdale | $500K | $500K | 0.0% |
Housing Supply in Lancaster, CA
How many homes are available in Lancaster, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
464 | 468 | +0.9% |
Summary: The Lancaster real estate market had 468 homes for sale in April 2024, a 0.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 29 | 31 | +6.9% |
3 Bedrooms | 173 | 166 | -4.0% |
4 Bedrooms | 198 | 198 | 0.0% |
5+ Bedrooms | 61 | 69 | +13.1% |
Summary: The Lancaster housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 6.9%, 3 bedroom homes decreased by 4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 13.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
117 | 126 | +7.7% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
46 Homes Were Sold
At Asking
51 Homes Were Sold
Over Asking
Summary: A total of 126 homes were sold or pending in Lancaster in April 2024, up by 7.7% month-over-month. Of the 126 sold homes, 23% were sold under asking, 37% were sold at asking, and 40% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 29 Days | -35.8% |
Summary: Homes in Lancaster had an average of 29 days on market in Apr 2024, down by 35.8% compared to last year.
Breakdown of Home Sale Times
89 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 126 homes were sold in Lancaster; 71% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.