Is Lomita, 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, Lomita has remained a Seller's Market.
Housing Prices in Lomita, CA
How much do homes in Lomita, CA cost?
Median Sold Price
$858,500
$555/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lomita was $858,500 in April 2024, up 2.8% from last year, and the median price per square foot was $555.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $377.5K | $384K | +1.7% |
2 Bedrooms | $616.7K | $651K | +5.6% |
3 Bedrooms | $852.5K | $880K | +3.2% |
4 Bedrooms | $1.1M | $990K | -12.9% |
5+ Bedrooms | $1.4M | $1.4M | 0.1% |
Summary: Lomita housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.7%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 12.9%, and 5+ bedroom homes increased by 0.1%.
Median Sold Price Compared To Nearby Cities
Palos Verdes Peninsula | $2.3M | $2.5M | +8.8% |
Lomita | $835K | $858.5K | +2.8% |
Rancho Palos Verdes | $1.7M | $1.6M | -0.3% |
Rolling Hills Estates | $1.7M | $1.7M | -4.9% |
Torrance | $1.0M | $1.0M | -6.4% |
Housing Supply in Lomita, CA
How many homes are available in Lomita, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 23 | -28.1% |
Summary: The Lomita real estate market had 23 homes for sale in April 2024, a 28.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 4 | -42.9% |
3 Bedrooms | 18 | 13 | -27.8% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Lomita housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 42.9%, 3 bedroom homes decreased by 27.8%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 7 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Lomita in April 2024, down by 50.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Lomita, CA
How long does it take to sell a home in Lomita, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 10 Days | -63.8% |
Summary: Homes in Lomita had an average of 10 days on market in Apr 2024, down by 63.8% 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
Summary: During April 2024, 7 homes were sold in Lomita; 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.