Is El Camino Real, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing El Camino Real is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, El Camino Real has remained a Seller's Market.

Key Takeaway

El Camino Real is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in El Camino Real, CA

How much do homes in El Camino Real, CA cost?

Median Sold Price

$1,437,500

$787/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$230,000(+19.0%)

Key Takeaway

Homes in El Camino Real have sold for 19% more than they did a year ago.

Summary: The median home sold price in El Camino Real was $1,437,500 in November 2024, up 19% from last year, and the median price per square foot was $787.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $708.7K$865K
+22.0%
3 $1.1M$1.1M
+1.7%
4 $1.3M$1.7M
+26.1%
5+ $1.7M$1.7M
+3.7%

Summary: El Camino Real housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 26.1%, and 5+ bedroom homes increased by 3.7%.

Median Sold Price Compared To Nearby Neighborhoods

Northwood
+29.5%
El Camino Real
+19.0%
Walnut
+14.4%
Westpark
+5.6%
Oakcreek
+3.4%

Housing Supply in El Camino Real, CA

How many homes are available in El Camino Real, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2825-10.7%

Summary: The El Camino Real real estate market had 25 homes for sale in November 2024, a 10.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 44
0.0%
3 1313
0.0%
4 107
-30.0%
5+ 11
0.0%

Summary: The El Camino Real housing inventory by bedroom type for November 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 30%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
711+57.1%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in El Camino Real, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in El Camino Real in November 2024, up by 57.1% month-over-month. Of the 11 sold homes, 36% were sold under asking, 9% were sold at asking, and 55% were sold over asking.

Days on Market for El Camino Real, CA

How long does it take to sell a home in El Camino Real, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
12 Days32 Days+156.1%

Summary: Homes in El Camino Real had an average of 32 days on market in Nov 2024, up by 156.1% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in El Camino Real are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 11 homes were sold in El Camino Real; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

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