$189,000
2.50 Acres
Land
Crystal Finlay, Listing Office: Homequest 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 November 2023
At the same time last year, Lake Mathews was a Seller's Market.
Key Takeaway
Lake Mathews 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 Lake Mathews, CA
How much do homes in Lake Mathews, CA cost?
Median Sold Price
$790,000
$339/sqft
Based on all homes sold in the last 12 months.
Difference Since November 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 November 2024, up 2.6% from last year, and the median price per square foot was $339.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $684K | $740K | +8.2% |
| 3 Bedrooms | $720K | $682K | -5.3% |
| 4 Bedrooms | $785K | $807.5K | +2.9% |
| 5+ Bedrooms | $1.0M | $950K | -5.0% |
Summary: Lake Mathews 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 8.2%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 5%.
Median Sold Price Compared To Nearby Cities
| Elsinore Valley | $591K | $639.2K | +8.2% |
| Lake Elsinore | $561.8K | $594.5K | +5.8% |
| Riverside | $619.9K | $655K | +5.7% |
| Corona | $714.7K | $754.8K | +5.6% |
| 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 151 | 129 | -14.6% |
Summary: The Lake Mathews real estate market had 129 homes for sale in November 2024, a 14.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 18 | 16 | -11.1% |
| 3 Bedrooms | 50 | 38 | -24.0% |
| 4 Bedrooms | 53 | 45 | -15.1% |
| 5+ Bedrooms | 30 | 30 | 0.0% |
Summary: The Lake Mathews 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 11.1%, 3 bedroom homes decreased by 24%, 4 bedroom homes decreased by 15.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 21 | -32.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 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. 47.6% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Lake Mathews in November 2024, down by 32.3% month-over-month. Of the 21 sold homes, 48% were sold under asking, 24% were sold at asking, and 29% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 72 Days | 57 Days | -21.4% |
Summary: Homes in Lake Mathews had an average of 57 days on market in Nov 2024, down by 21.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 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 November 2024, 21 homes were sold in Lake Mathews; 43% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 24% 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.