Is Leisure World, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Leisure World was a Seller's Market.
Key Takeaway
Leisure World is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Leisure World, CA
How much do homes in Leisure World, CA cost?
Median Sold Price
$344,000
$385/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Leisure World have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in Leisure World was $344,000 in May 2024, up 0.6% from last year, and the median price per square foot was $385.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $226K | $231K | +2.2% |
| 2 Bedrooms | $379K | $380K | 0.3% |
| 3 Bedrooms | $585K | $400K | -31.6% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Leisure World housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes increased by 0.3%, 3 bedroom homes decreased by 31.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Rossmoor | $1.4M | $1.4M | +4.4% |
| Old Ranch | $630K | $655K | +4.0% |
| Leisure World | $342K | $344K | +0.6% |
Housing Supply in Leisure World, CA
How many homes are available in Leisure World, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 138 | 140 | +1.4% |
Summary: The Leisure World real estate market had 140 homes for sale in May 2024, a 1.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 32 | 36 | +12.5% |
| 2 Bedrooms | 105 | 103 | -1.9% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Leisure World housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 21 | -22.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Leisure World, expect to pay close to the asking price. 47.6% of homes here sold near the asking price last month.
Summary: A total of 21 homes were sold or pending in Leisure World in May 2024, down by 22.2% month-over-month. Of the 21 sold homes, 43% were sold under asking, 48% were sold at asking, and 10% were sold over asking.
Days on Market for Leisure World, CA
How long does it take to sell a home in Leisure World, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 44 Days | 30 Days | -31.9% |
Summary: Homes in Leisure World had an average of 30 days on market in May 2024, down by 31.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Leisure World are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 21 homes were sold in Leisure World; 67% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.