Lodi, California Housing Market

Why is Lodi still competitive?

Lodi has 20% fewer homes for sale than in 2017–2019 at this time of year, and the typical listing has been on the market 49 days, shorter than 69% of the 765 cities we track. For every 100 homes still for sale, 45 are under contract. Well-priced homes will draw more than one offer. Your discount is in the listing that has sat, so set a price alert and move when a stale one gets cut.

When do Lodi prices dip?

Across 9 full years, Lodi asking prices ran lowest in January, about 2.5% below the year's average. They peaked in August. The most homes for sale show up in October, about 19% above the yearly average. Shop in October for choice, and expect the softest asking prices in January.

How much can you negotiate in Lodi?

For every 100 homes still for sale, 45 are under contract. In 2017–2019 at this time of year it was 62. The rest are still waiting for a buyer. About 1 in 4 sellers has already dropped their price. Each one has learned their first price was too high. Start your offer below their new price.

The typical Lodi listing has been on the market 49 days. That is 21% shorter than a year ago. There are 134 homes for sale in Lodi. That is 3.1 times the tightest month on record, but below the peak of 187. Supply is shrinking against last year.

What to do about it

• Judge each listing on its own.
• Homes listed 60+ days ago with a price cut are where your discount is.
• Fresh, well-priced homes will not move on price. Do not waste offers on them.

How does Lodi compare with other California markets?

Ranked among the 141 California markets we track:

• Asking price: 42nd cheapest of 141. Lodi is at $611,448. Closest: Manteca and Antioch.
• Buyer competition: 45th most competitive of 138. Lodi is at 0.45 buyers per home. Closest: Santa Clarita and Sacramento.
• Time on market: 61st shortest time on market of 141. Lodi is at a median of 49 days on market. Closest: Santa Monica and Anaheim.
• Price cuts: 5th most price cuts of 141. Lodi is at 27% of sellers cutting. Closest: Chico and Concord.

Is now a good time to buy in Lodi?

The median asking price is 8.8% below its Jan 2022 peak. You are not buying at the top. Prices are rising again. Every month you wait costs money. The question is no longer when. It is which house. Lodi prices have risen in 86 of the last 111 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.

This market is turning. Which way is not settled yet. Check the monthly numbers above before you commit.

What numbers should you underwrite a Lodi deal with?

• Price growth to assume — +1.8%/yr. Lodi grew 5.0% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, Lodi grows about 1.8% a year. That is the number to type in. Prices rose 3.0% over the last year. Use it for timing. The five-year rate is the better guide.
• Odds you cut your price to sell — 1 in 4. 27% of Lodi listings have cut their asking price. Underwrite your exit below asking.
• Competition when you exit — -6%. Homes for sale in Lodi are down 6% on last year, so your resale faces less competition than today's comps did.

Read how the pending ratio measures demand and how we read these numbers, then run the numbers on a deal.

What is the median home price in Lodi?

The median asking price in Lodi is about $611,000 as of Sep 2026, up 5.1% from a year ago. This is the asking price on homes listed for sale. Sites that report sold prices or estimated home values will show a different number. Our Lodi figures cover the 3 ZIP codes with a Lodi mailing address, which can reach past city limits.

Is Lodi a buyer's or seller's market in 2026?

Neither side has the upper hand in Lodi right now. We compare Lodi with 2017–2019 at this time of year: there are 45 pending sales per 100 listings, against 62 then; there are 20% fewer homes for sale; 27% of sellers have cut their price, against 26% then.

Are Lodi home prices going up or down?

The median asking price is 8.8% below its Jan 2022 peak. You are not buying at the top. Prices are rising again. Every month you wait costs money. The question is no longer when. It is which house.

What is the fair market rent in Lodi?

HUD's fiscal year 2026 fair market rent for San Joaquin County is $1,742 a month for 2 bedrooms and $2,423 for 3 bedrooms. The figures include tenant-paid utilities and cover the whole county.