$20,000
Land
Melissa Norman, Listing Office: Idyllwild Realty
Is 92561, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 92561 has remained a Buyer's Market.
Key Takeaway
92561 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 92561, CA
How much do homes in 92561, CA cost?
Median Sold Price
$699,000
$335/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$114,000(+19.5%)
Key Takeaway
Homes in 92561 have sold for 19.5% more than they did a year ago.
Summary: The median home sold price in 92561 was $699,000 in November 2024, up 19.5% from last year, and the median price per square foot was $335.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $185K | -40.3% |
| 2 Bedrooms | $850K | $430K | -49.4% |
| 3 Bedrooms | $512.5K | $787.5K | +53.7% |
| 4 Bedrooms | $687.5K | $1.0M | +45.5% |
| 5+ Bedrooms | $1.1M | $840K | -23.9% |
Summary: 92561 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 40.3%, 2 bedroom homes decreased by 49.4%, 3 bedroom homes increased by 53.7%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes decreased by 23.9%.
Housing Supply in 92561, CA
How many homes are available in 92561, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 28 | -3.4% |
Summary: The 92561 real estate market had 28 homes for sale in November 2024, a 3.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 92561 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92561, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 92561 in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 92561, CA
How long does it take to sell a home in 92561, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 8 Days | 157 Days | +1862.5% |
Summary: Homes in 92561 had an average of 157 days on market in Nov 2024, up by 1862.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in 92561 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 1 homes were sold in 92561; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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.