Is La Morada, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing La Morada is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, La Morada was a Seller's Market.

Key Takeaway

La Morada 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 La Morada, CA

How much do homes in La Morada, CA cost?

Median Sold Price

$537,900

$341/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

-$38,600(-6.7%)

Key Takeaway

Homes in La Morada have sold for 6.7% less than they did a month ago.

Summary: The median home sold price in La Morada was $537,900 in September 2024, down 6.7% from last month, and the median price per square foot was $341.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 --
N/A
3 $545.9K$537.9K
-1.5%
4 $587.9K$527.5K
-10.3%
5+ $645.9K-
N/A

Summary: La Morada housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Valley Oak
-2.2%
La Morada
-6.7%

Housing Supply in La Morada, CA

How many homes are available in La Morada, CA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4138-7.3%

Summary: The La Morada real estate market had 38 homes for sale in September 2024, a 7.3% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 00
0.0%
3 2220
-9.1%
4 1314
+7.7%
5+ 64
-33.3%

Summary: The La Morada housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
116-45.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in La Morada, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in La Morada in September 2024, down by 45.5% month-over-month. Of the 6 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for La Morada, CA

How long does it take to sell a home in La Morada, CA?

Average Sale Time

Aug 2024Sep 2024CHANGE
56 Days11 Days-79.2%

Summary: Homes in La Morada had an average of 11 days on market in Sep 2024, down by 79.2% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in La Morada are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 6 homes were sold in La Morada; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

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