$5,688 Closing Credit*
$479,000
802 SqFt
2 Beds
•1 Full Bath
Morgan Baiton, Listing Office: Douglas Elliman of California, Inc.
Is Loma Alta, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Loma Alta was a Seller's Market.
Key Takeaway
Loma Alta is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Loma Alta, CA
How much do homes in Loma Alta, CA cost?
Median Sold Price
$866,000
$597/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$82,250(+10.5%)
Key Takeaway
Homes in Loma Alta have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Loma Alta was $866,000 in September 2024, up 10.5% from last year, and the median price per square foot was $597.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | $355K | +9.2% |
| 2 Bedrooms | $422.5K | $476.5K | +12.8% |
| 3 Bedrooms | $819.5K | $875K | +6.8% |
| 4 Bedrooms | $890K | $1.0M | +13.1% |
| 5+ Bedrooms | $1.0M | $2.5M | +151.0% |
Summary: Loma Alta housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.2%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 151%.
Median Sold Price Compared To Nearby Neighborhoods
| East Side Capistrano | $700K | $790K | +12.9% |
| Loma Alta | $783.7K | $866K | +10.5% |
| Oceana | $449K | $495K | +10.2% |
| Fire Mountain | $1.2M | $1.3M | +6.8% |
Housing Supply in Loma Alta, CA
How many homes are available in Loma Alta, CA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 25 | 23 | -8.0% |
Summary: The Loma Alta real estate market had 23 homes for sale in September 2024, a 8.0% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 9 | 12 | +33.3% |
| 4 Bedrooms | 10 | 5 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Loma Alta 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 increased by 33.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 9 | 3 | -66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Loma Alta, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Loma Alta in September 2024, down by 66.7% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Loma Alta, CA
How long does it take to sell a home in Loma Alta, CA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 15 Days | 18 Days | +13.7% |
Summary: Homes in Loma Alta had an average of 18 days on market in Sep 2024, up by 13.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Loma Alta are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 3 homes were sold in Loma Alta; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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.