Is Twin Peaks, 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, Twin Peaks has remained a Buyer's Market.
Key Takeaway
Twin Peaks is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Twin Peaks, CA
How much do homes in Twin Peaks, CA cost?
Median Sold Price
$384,611
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Twin Peaks have sold for 3.8% less than they did a year ago.
Summary: The median home sold price in Twin Peaks was $384,611 in May 2024, down 3.8% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320K | $200K | -37.5% |
| 2 Bedrooms | $365K | $347.5K | -4.8% |
| 3 Bedrooms | $436K | $400K | -8.3% |
| 4 Bedrooms | $430K | $520K | +20.9% |
| 5+ Bedrooms | $685K | $350K | -48.9% |
Summary: Twin Peaks housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.5%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes decreased by 48.9%.
Median Sold Price Compared To Nearby Cities
| Lake Arrowhead | $498.3K | $489.4K | -1.8% |
| Twin Peaks | $400K | $384.6K | -3.8% |
Housing Supply in Twin Peaks, CA
How many homes are available in Twin Peaks, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 43 | +43.3% |
Summary: The Twin Peaks real estate market had 43 homes for sale in May 2024, a 43.3% 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 | 5 | 5 | 0.0% |
| 3 Bedrooms | 15 | 22 | +46.7% |
| 4 Bedrooms | 8 | 12 | +50.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Twin Peaks 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 remained the same, 3 bedroom homes increased by 46.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Twin Peaks, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Twin Peaks in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Twin Peaks, CA
How long does it take to sell a home in Twin Peaks, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 3 Days | 53 Days | +1435.7% |
Summary: Homes in Twin Peaks had an average of 53 days on market in May 2024, up by 1435.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Twin Peaks are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Twin Peaks; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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.