Is Llagas-Uvas, 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, Llagas-Uvas was a Seller's Market.
Key Takeaway
Llagas-Uvas is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Llagas-Uvas, CA
How much do homes in Llagas-Uvas, CA cost?
Median Sold Price
$1,550,000
$576/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Llagas-Uvas have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Llagas-Uvas was $1,550,000 in May 2024, up 6.9% from last year, and the median price per square foot was $576.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $749K | $375K | -49.9% |
| 2 Bedrooms | $1.3M | $450K | -66.7% |
| 3 Bedrooms | $1.3M | $1.4M | +11.1% |
| 4 Bedrooms | $1.3M | $1.5M | +11.1% |
| 5+ Bedrooms | $1.8M | $3.5M | +93.2% |
Summary: Llagas-Uvas housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 49.9%, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 93.2%.
Median Sold Price Compared To Nearby Cities
| Summit Road | $1.4M | $1.7M | +16.0% |
| San Martin | $1.4M | $1.6M | +9.3% |
| Llagas-Uvas | $1.4M | $1.5M | +6.9% |
| Gilroy | $999.5K | $1.0M | +5.9% |
| South Santa Clara Valley | $1.1M | $1.2M | +4.3% |
Housing Supply in Llagas-Uvas, CA
How many homes are available in Llagas-Uvas, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 19 | +72.7% |
Summary: The Llagas-Uvas real estate market had 19 homes for sale in May 2024, a 72.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 5 | 9 | +80.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Llagas-Uvas housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 80%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Llagas-Uvas, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Llagas-Uvas in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Llagas-Uvas, CA
How long does it take to sell a home in Llagas-Uvas, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 17 Days | 76 Days | +346.7% |
Summary: Homes in Llagas-Uvas had an average of 76 days on market in May 2024, up by 346.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Llagas-Uvas are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Llagas-Uvas; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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.