$2,900,000
3,114 SqFt
4 Beds
•5 Full Baths
Willem De Ridder, Listing Office: Compass
Is La Mesa, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, La Mesa has remained a Seller's Market.
Key Takeaway
La Mesa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in La Mesa, CA
How much do homes in La Mesa, CA cost?
Median Sold Price
$865,000
$560/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$65,000(+8.1%)
Key Takeaway
Homes in La Mesa have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in La Mesa was $865,000 in November 2024, up 8.1% from last year, and the median price per square foot was $560.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $400K | $425K | +6.3% |
| 2 Bedrooms | $600K | $610K | +1.7% |
| 3 Bedrooms | $806.2K | $879K | +9.0% |
| 4 Bedrooms | $975K | $1.0M | +10.3% |
| 5+ Bedrooms | $1.2M | $1.3M | +4.1% |
Summary: La Mesa housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 4.1%.
Median Sold Price Compared To Nearby Cities
| Lemon Grove | $685.5K | $745K | +8.7% |
| La Mesa | $800K | $865K | +8.1% |
| San Diego | $881.1K | $948.8K | +7.7% |
| El Cajon | $728.4K | $782.6K | +7.4% |
Housing Supply in La Mesa, CA
How many homes are available in La Mesa, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 172 | 155 | -9.9% |
Summary: The La Mesa real estate market had 155 homes for sale in November 2024, a 9.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 8 | 0.0% |
| 2 Bedrooms | 45 | 34 | -24.4% |
| 3 Bedrooms | 61 | 55 | -9.8% |
| 4 Bedrooms | 38 | 41 | +7.9% |
| 5+ Bedrooms | 20 | 17 | -15.0% |
Summary: The La Mesa 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 decreased by 24.4%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes decreased by 15%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 56 | 43 | -23.2% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in La Mesa, you may be able to get a good deal. 39.5% of homes here sold below asking price last month.
Summary: A total of 43 homes were sold or pending in La Mesa in November 2024, down by 23.2% month-over-month. Of the 43 sold homes, 40% were sold under asking, 23% were sold at asking, and 37% were sold over asking.
Days on Market for La Mesa, CA
How long does it take to sell a home in La Mesa, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 23 Days | +33.8% |
Summary: Homes in La Mesa had an average of 23 days on market in Nov 2024, up by 33.8% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in La Mesa are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 43 homes were sold in La Mesa; 72% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 2% 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.