Lancaster & Palmdale Real Estate Market Update – January 2025

📅 Published: February 13, 2025

When analyzing real estate trends, I always use data from the previous month. This gives the most accurate and reliable picture of market conditions based on actual closed transactions. Since homes take time to sell and finalize, January’s data provides the best insight into current trends.

Lancaster Market Trends – January 2025

My Take on Lancaster’s Market:

• Homes are selling close to asking price, with sellers receiving 99.8% of their list price on average.

• Inventory remains low at 2.86 months, meaning demand still outpaces supply.

• Homes are taking longer to sell, with median days on market increasing to 42 days.

• The median sold price dipped slightly by 1.5% month over month, but overall, the market remains competitive.

Palmdale Market Trends – January 2025

My Take on Palmdale’s Market:

• Homes are selling above asking price, with a 110.7% sold-to-list ratio, showing strong demand and multiple offers.

• Inventory remains tight at 2.67 months, keeping it a strong seller’s market.

• The median days on market increased slightly to 32 days, but homes are still moving fairly quickly.

• The median sold price dipped by 2.88%, but prices remain high overall.

Why January's Data Matters in February

Since real estate transactions take time to finalize, I report February’s market update using actual closed sales from January. This ensures that my insights are based on real market activity rather than speculation. Whether you’re buying or selling, looking at last month’s data helps make informed decisions moving forward.

What This Means for Buyers & Sellers

✅ For Sellers: If you’re thinking of selling, now is still a great time. Low inventory means homes are in high demand, and well-priced properties are still attracting multiple offers. Be prepared for slightly longer market times compared to previous months.

✅ For Buyers: The market remains competitive, especially in Palmdale, where homes are selling above asking price. If you're actively looking, be ready to act fast and submit strong offers.

Need Expert Guidance?

As your local Lancaster & Palmdale real estate expert, I can help you navigate this market—whether you’re buying, selling, or just need advice. 📲 Let’s connect and strategize your next move!

📩 Visit RouzanEstates.com for more insights or schedule a consultation today!