Is Redlands, 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, Redlands has remained a Seller's Market.
Housing Prices in Redlands, CA
How much do homes in Redlands, CA cost?
Median Sold Price
$615,125
$362/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Redlands was $615,125 in April 2024, up 5% from last year, and the median price per square foot was $362.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $250K | $325K | +30.0% |
2 Bedrooms | $435K | $455K | +4.6% |
3 Bedrooms | $543.4K | $590K | +8.6% |
4 Bedrooms | $671.6K | $700K | +4.2% |
5+ Bedrooms | $897K | $832.2K | -7.2% |
Summary: Redlands housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 7.2%.
Median Sold Price Compared To Nearby Cities
Redlands | $585.6K | $615.1K | +5.0% |
San Bernardino | $455K | $470K | +3.3% |
Yucaipa | $539K | $546.9K | +1.5% |
San Gorgonio Pass | $469.5K | $469.9K | 0.1% |
Highland | $525K | $515K | -1.9% |
Housing Supply in Redlands, CA
How many homes are available in Redlands, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
169 | 186 | +10.1% |
Summary: The Redlands real estate market had 186 homes for sale in April 2024, a 10.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 21 | 25 | +19.0% |
3 Bedrooms | 66 | 68 | +3.0% |
4 Bedrooms | 57 | 67 | +17.5% |
5+ Bedrooms | 21 | 23 | +9.5% |
Summary: The Redlands housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes increased by 9.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 50 | +42.9% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 50 homes were sold or pending in Redlands in April 2024, up by 42.9% month-over-month. Of the 50 sold homes, 34% were sold under asking, 22% were sold at asking, and 44% were sold over asking.
Days on Market for Redlands, CA
How long does it take to sell a home in Redlands, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 26 Days | -35.9% |
Summary: Homes in Redlands had an average of 26 days on market in Apr 2024, down by 35.9% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 50 homes were sold in Redlands; 72% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.