Is Santa Paula, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Santa Paula has remained a Seller's Market.
Key Takeaway
Santa Paula is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Santa Paula, CA
How much do homes in Santa Paula, CA cost?
Median Sold Price
$716,500
$433/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Santa Paula have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Santa Paula was $716,500 in May 2024, up 7.7% from last year, and the median price per square foot was $433.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $303K | $362.5K | +19.6% |
| 2 Bedrooms | $422K | $500K | +18.5% |
| 3 Bedrooms | $680K | $720K | +5.9% |
| 4 Bedrooms | $700K | $750K | +7.1% |
| 5+ Bedrooms | $850K | $850K | 0.0% |
Summary: Santa Paula housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.6%, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes did not change.
Housing Supply in Santa Paula, CA
How many homes are available in Santa Paula, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 51 | 53 | +3.9% |
Summary: The Santa Paula real estate market had 53 homes for sale in May 2024, a 3.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 23 | 25 | +8.7% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Santa Paula housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Santa Paula, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Santa Paula in May 2024, up by 20.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 8% were sold at asking, and 50% were sold over asking.
Days on Market for Santa Paula, CA
How long does it take to sell a home in Santa Paula, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 44 Days | 24 Days | -44.7% |
Summary: Homes in Santa Paula had an average of 24 days on market in May 2024, down by 44.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Santa Paula are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Santa Paula; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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