Decoding Lompoc, CA Real Estate Trends: A Comprehensive Analysis
by American Stages Realty & Management, INC.
If you're contemplating real estate in Lompoc, CA, understanding the current market trends is essential. In this comprehensive analysis, we break down key factors that shape the real estate landscape in Lompoc, focusing on housing prices, supply, and the speed of transactions. As your trusted partner in California real estate, American Stages Realty & Management is here to guide you through the nuances of Lompoc's property market.
Housing Prices in Lompoc, CA:
Median List Price: $569,000
Price Per Sqft: $359
December 2022 to December 2023: +$50,000 (+9.6%)
The median home list price in Lompoc surged to $569,000 in December 2023, reflecting a noteworthy 9.6% increase from the previous year. Each square foot now holds a value of $359, indicating a vibrant market with growing potential for homeowners and investors alike.
Housing Supply in Lompoc, CA:
Number of Homes For Sale:
Nov 2023: 29
Dec 2023: 20
The Lompoc real estate market experienced a notable shift, witnessing a 31.0% decrease in available homes for sale from November 2023 to December 2023. This adjustment can impact decision-making processes for potential buyers and sellers in the region.
Average Listing Age:
Dec 2022: 141 Days
Dec 2023: 72 Days
Homes in Lompoc showcased a remarkable improvement in the time it takes to sell. With an average listing age of just 72 days in December 2023, this represents a significant 49.0% decrease compared to the same period in the previous year.
Note: Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.
How American Stages Realty & Management Can Assist You:
Navigating the dynamic real estate landscape in Lompoc requires a knowledgeable partner. At American Stages Realty & Management, we specialize in understanding local markets and providing tailored solutions. Whether you're looking to buy, sell, or manage properties, our team is committed to ensuring your success. Contact us today for personalized assistance and let's embark on a prosperous real estate journey together.
In the complex landscape of California real estate, being equipped with the right information is key. Our 2024 market forecast aims to empower property owners and investors with the knowledge needed to make strategic decisions. If you're looking for a trusted partner to navigate the dynamic California real estate market, American Stages Realty & Management is here for you. Contact us today to explore how our expertise can contribute to your success in 2024 and beyond.
Call us today to set up a consultation so one of our experienced agents can provide you with all of the information you need to make an informed decision.