$10,000 Closing Credit*
$1,199,999
1,806 SqFt
3 Beds
•3 Full Baths
REBECCA MOORE, Listing Office: HOME ALLIANCE REAL ESTATE
Is Lake Mathews, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Lake Mathews has remained a Seller's Market.
Key Takeaway
Lake Mathews is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lake Mathews, CA
How much do homes in Lake Mathews, CA cost?
Median Sold Price
$790,000
$333/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+2.6%)
Key Takeaway
Homes in Lake Mathews have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Lake Mathews was $790,000 in October 2024, up 2.6% from last year, and the median price per square foot was $333.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $680K | $738.1K | +8.6% |
| 3 Bedrooms | $715K | $684.9K | -4.2% |
| 4 Bedrooms | $782.5K | $819.2K | +4.7% |
| 5+ Bedrooms | $965K | $955K | -1.0% |
Summary: Lake Mathews housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.6%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 1%.
Median Sold Price Compared To Nearby Cities
| Elsinore Valley | $591.3K | $637.8K | +7.9% |
| Riverside | $612.5K | $655.6K | +7.0% |
| Corona | $710.5K | $754.3K | +6.2% |
| Lake Elsinore | $562.5K | $589.4K | +4.8% |
| Lake Mathews | $770K | $790K | +2.6% |
Housing Supply in Lake Mathews, CA
How many homes are available in Lake Mathews, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 136 | 146 | +7.4% |
Summary: The Lake Mathews real estate market had 146 homes for sale in October 2024, a 7.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 17 | 19 | +11.8% |
| 3 Bedrooms | 40 | 45 | +12.5% |
| 4 Bedrooms | 49 | 49 | 0.0% |
| 5+ Bedrooms | 30 | 33 | +10.0% |
Summary: The Lake Mathews 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 increased by 11.8%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 30 | +66.7% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Mathews, you may be able to get a good deal. 43.3% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Lake Mathews in October 2024, up by 66.7% month-over-month. Of the 30 sold homes, 43% were sold under asking, 23% were sold at asking, and 33% were sold over asking.
Days on Market for Lake Mathews, CA
How long does it take to sell a home in Lake Mathews, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 46 Days | +69.5% |
Summary: Homes in Lake Mathews had an average of 46 days on market in Oct 2024, up by 69.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lake Mathews are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 30 homes were sold in Lake Mathews; 47% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% 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.