Is East Salinas, 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, East Salinas has remained a Seller's Market.
Housing Prices in East Salinas, CA
How much do homes in East Salinas, CA cost?
Median Sold Price
$682,500
$410/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in East Salinas was $682,500 in May 2024, up 3.5% from last year, and the median price per square foot was $410.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $351K | $320.5K | -8.7% |
2 Bedrooms | $480K | $532.5K | +10.9% |
3 Bedrooms | $649.5K | $660K | +1.6% |
4 Bedrooms | $750K | $750K | 0.0% |
5+ Bedrooms | $840K | $830K | -1.2% |
Summary: East Salinas housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.7%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 1.6%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 1.2%.
Median Sold Price Compared To Nearby Neighborhoods
Creekbridge | $695K | $752.5K | +8.3% |
East Salinas | $659.4K | $682.5K | +3.5% |
Housing Supply in East Salinas, CA
How many homes are available in East Salinas, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
39 | 38 | -2.6% |
Summary: The East Salinas real estate market had 38 homes for sale in May 2024, a 2.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 10 | 8 | -20.0% |
3 Bedrooms | 11 | 15 | +36.4% |
4 Bedrooms | 12 | 10 | -16.7% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The East Salinas housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 36.4%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 15 | -6.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in East Salinas in May 2024, down by 6.3% month-over-month. Of the 14 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.
Days on Market for East Salinas, CA
How long does it take to sell a home in East Salinas, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 20 Days | -7.6% |
Summary: Homes in East Salinas had an average of 20 days on market in May 2024, down by 7.6% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in East Salinas; 80% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.