$7,754 Closing Credit*
$652,995
2,020 SqFt
4 Beds
•3 Full Baths
Michelle Shepherd, Listing Office: Meritage Homes of California
Is Alberhill, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Alberhill has remained a Seller's Market.
Key Takeaway
Alberhill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Alberhill, CA
How much do homes in Alberhill, CA cost?
Median Sold Price
$635,500
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,500(+4.2%)
Key Takeaway
Homes in Alberhill have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Alberhill was $635,500 in October 2024, up 4.2% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $576K | $595.5K | +3.4% |
| 4 Bedrooms | $600K | $630K | +5.0% |
| 5+ Bedrooms | $620K | $650K | +4.8% |
Summary: Alberhill housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Alberhill | $610K | $635.5K | +4.2% |
| Lake View District | $550K | $565K | +2.7% |
Housing Supply in Alberhill, CA
How many homes are available in Alberhill, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 23 | -14.8% |
Summary: The Alberhill real estate market had 23 homes for sale in October 2024, a 14.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 15 | 11 | -26.7% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Alberhill housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Alberhill, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Alberhill in October 2024, the same as the previous month. Of the 6 sold homes, 17% were sold under asking, 67% were sold at asking, and 17% were sold over asking.
Days on Market for Alberhill, CA
How long does it take to sell a home in Alberhill, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 47 Days | +412.5% |
Summary: Homes in Alberhill had an average of 47 days on market in Oct 2024, up by 412.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Alberhill has remained consistent over time.
Summary: During October 2024, 6 homes were sold in Alberhill; 17% of homes were sold within 30 days, 83% of homes were sold within 30 to 90 days, and 0% 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.