$8,016 Closing Credit*
$675,000
1,646 SqFt
3 Beds
•2 Full Baths, 1 Partial
BRANDON MIHLD, Listing Office: RE/MAX ADVANTAGE
Is Fallbrook, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Fallbrook was a Seller's Market.
Key Takeaway
Fallbrook 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 Fallbrook, CA
How much do homes in Fallbrook, CA cost?
Median Sold Price
$867,000
$421/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,000(+2.0%)
Key Takeaway
Homes in Fallbrook have sold for 2% more than they did a year ago.
Summary: The median home sold price in Fallbrook was $867,000 in October 2024, up 2% from last year, and the median price per square foot was $421.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $390K | $410K | +5.1% |
| 2 Bedrooms | $579.5K | $610K | +5.3% |
| 3 Bedrooms | $775K | $816.7K | +5.4% |
| 4 Bedrooms | $939.3K | $985K | +4.9% |
| 5+ Bedrooms | $1.2M | $1.4M | +16.9% |
Summary: Fallbrook housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 16.9%.
Median Sold Price Compared To Nearby Cities
| Valley Center | $879.9K | $922.5K | +4.8% |
| Fallbrook | $850K | $867K | +2.0% |
| Pauma Valley | $775K | $782K | +0.9% |
Housing Supply in Fallbrook, CA
How many homes are available in Fallbrook, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 241 | 254 | +5.4% |
Summary: The Fallbrook real estate market had 254 homes for sale in October 2024, a 5.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 36 | 35 | -2.8% |
| 3 Bedrooms | 89 | 102 | +14.6% |
| 4 Bedrooms | 84 | 80 | -4.8% |
| 5+ Bedrooms | 31 | 36 | +16.1% |
Summary: The Fallbrook 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 decreased by 2.8%, 3 bedroom homes increased by 14.6%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 16.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 55 | 39 | -29.1% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fallbrook, you could pay more than the asking price. 51.3% of homes here sold above asking price last month.
Summary: A total of 39 homes were sold or pending in Fallbrook in October 2024, down by 29.1% month-over-month. Of the 39 sold homes, 31% were sold under asking, 18% were sold at asking, and 51% were sold over asking.
Days on Market for Fallbrook, CA
How long does it take to sell a home in Fallbrook, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 30 Days | -6.1% |
Summary: Homes in Fallbrook had an average of 30 days on market in Oct 2024, down by 6.1% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fallbrook are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 39 homes were sold in Fallbrook; 67% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 10% 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.