Is Lake Mathews, 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, Lake Mathews has remained a Seller's Market.
Housing Prices in Lake Mathews, CA
How much do homes in Lake Mathews, CA cost?
Median Sold Price
$798,855
$329/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lake Mathews was $798,855 in April 2024, up 6.6% from last year, and the median price per square foot was $329.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $322.5K | - | N/A |
2 Bedrooms | $675K | $700K | +3.7% |
3 Bedrooms | $707.5K | $735K | +3.9% |
4 Bedrooms | $749K | $820K | +9.5% |
5+ Bedrooms | $980K | $1.0M | +6.4% |
Summary: Lake Mathews housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Cities
Riverside | $595.3K | $637.1K | +7.0% |
Lake Mathews | $749.5K | $798.8K | +6.6% |
Corona | $697.8K | $735.4K | +5.4% |
Elsinore Valley | $596.6K | $620K | +3.9% |
Lake Elsinore | $565.8K | $575K | +1.6% |
Housing Supply in Lake Mathews, CA
How many homes are available in Lake Mathews, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
117 | 126 | +7.7% |
Summary: The Lake Mathews real estate market had 126 homes for sale in April 2024, a 7.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 11 | 0.0% |
3 Bedrooms | 34 | 40 | +17.6% |
4 Bedrooms | 42 | 49 | +16.7% |
5+ Bedrooms | 30 | 26 | -13.3% |
Summary: The Lake Mathews 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 remained the same, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 13.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 30 | +11.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Lake Mathews in April 2024, up by 11.1% month-over-month. Of the 30 sold homes, 33% were sold under asking, 10% were sold at asking, and 57% were sold over asking.
Days on Market for Lake Mathews, CA
How long does it take to sell a home in Lake Mathews, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
79 Days | 65 Days | -17.6% |
Summary: Homes in Lake Mathews had an average of 65 days on market in Apr 2024, down by 17.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During April 2024, 30 homes were sold in Lake Mathews; 43% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 37% of homes were sold over 90 days.