Is Santee, 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, Santee has remained a Seller's Market.
Housing Prices in Santee, CA
How much do homes in Santee, CA cost?
Median Sold Price
$759,200
$513/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Santee was $759,200 in May 2024, up 7.3% from last year, and the median price per square foot was $513.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $338.4K | $345K | +1.9% |
2 Bedrooms | $485K | $510K | +5.2% |
3 Bedrooms | $697K | $750K | +7.6% |
4 Bedrooms | $802K | $867.5K | +8.2% |
5+ Bedrooms | $1.0M | $1.1M | +17.2% |
Summary: Santee housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 17.2%.
Housing Supply in Santee, CA
How many homes are available in Santee, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
120 | 138 | +15.0% |
Summary: The Santee real estate market had 138 homes for sale in May 2024, a 15.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 27 | 24 | -11.1% |
3 Bedrooms | 55 | 70 | +27.3% |
4 Bedrooms | 34 | 40 | +17.6% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Santee 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 11.1%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 54 | +35.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Summary: A total of 54 homes were sold or pending in Santee in May 2024, up by 35.0% month-over-month. Of the 54 sold homes, 33% were sold under asking, 13% were sold at asking, and 54% were sold over asking.
Days on Market for Santee, CA
How long does it take to sell a home in Santee, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
8 Days | 12 Days | +41.2% |
Summary: Homes in Santee had an average of 12 days on market in May 2024, up by 41.2% compared to last year.
Breakdown of Home Sale Times
47 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 54 homes were sold in Santee; 87% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.