Is Cedar Glen, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Cedar Glen was a Seller's Market.
Key Takeaway
Cedar Glen is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Cedar Glen, CA
How much do homes in Cedar Glen, CA cost?
Median Sold Price
$393,250
$296/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Cedar Glen have sold for 40% less than they did a month ago.
Summary: The median home sold price in Cedar Glen was $393,250 in May 2024, down 40% from last month, and the median price per square foot was $296.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $353K | $310K | -12.2% |
| 3 Bedrooms | $557.5K | $690K | +23.8% |
| 4 Bedrooms | $655K | $348.2K | -46.8% |
| 5+ Bedrooms | $1.1M | - | N/A |
Summary: Cedar Glen housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.2%, 3 bedroom homes increased by 23.8%, 4 bedroom homes decreased by 46.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Skyforest | $712.5K | $582.5K | -18.2% |
| Cedar Glen | $655K | $393.2K | -40.0% |
Housing Supply in Cedar Glen, CA
How many homes are available in Cedar Glen, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 24 | +4.3% |
Summary: The Cedar Glen real estate market had 24 homes for sale in May 2024, a 4.3% 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 | 3 | 4 | +33.3% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Cedar Glen 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 increased by 33.3%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cedar Glen, 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 Cedar Glen in May 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Cedar Glen, CA
How long does it take to sell a home in Cedar Glen, CA?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 199 Days | 37 Days | -81.2% |
Summary: Homes in Cedar Glen had an average of 37 days on market in May 2024, down by 81.2% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cedar Glen are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Cedar Glen; 50% of homes were sold within 30 days, 50% 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.