Is Mount Baldy-Wrightwood, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mount Baldy-Wrightwood is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Mount Baldy-Wrightwood was a Seller's Market.

Key Takeaway

Mount Baldy-Wrightwood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Mount Baldy-Wrightwood, CA

How much do homes in Mount Baldy-Wrightwood, CA cost?

Median Sold Price

$460,000

$324/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$21,000(+4.8%)

Key Takeaway

Homes in Mount Baldy-Wrightwood have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in Mount Baldy-Wrightwood was $460,000 in October 2024, up 4.8% from last year, and the median price per square foot was $324.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $297.8K$267K
-10.3%
2 $382.5K$377K
-1.4%
3 $472K$480K
+1.7%
4 $557.5K$600K
+7.6%
5+ $644.9K$1.1M
+84.5%

Summary: Mount Baldy-Wrightwood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.3%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 84.5%.

Median Sold Price Compared To Nearby Cities

Phelan
+6.9%
Rancho Cucamonga
+5.4%
Mount Baldy-Wrightwood
+4.8%
Wrightwood
+2.8%

Housing Supply in Mount Baldy-Wrightwood, CA

How many homes are available in Mount Baldy-Wrightwood, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6471+10.9%

Summary: The Mount Baldy-Wrightwood real estate market had 71 homes for sale in October 2024, a 10.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 44
0.0%
2 2326
+13.0%
3 2728
+3.7%
4 810
+25.0%
5+ 23
+50.0%

Summary: The Mount Baldy-Wrightwood 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 13%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
67+16.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mount Baldy-Wrightwood, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Mount Baldy-Wrightwood in October 2024, up by 16.7% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.

Days on Market for Mount Baldy-Wrightwood, CA

How long does it take to sell a home in Mount Baldy-Wrightwood, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
46 Days52 Days+14.0%

Summary: Homes in Mount Baldy-Wrightwood had an average of 52 days on market in Oct 2024, up by 14% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Mount Baldy-Wrightwood has remained consistent over time.

Summary: During October 2024, 7 homes were sold in Mount Baldy-Wrightwood; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% 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 20 Days Ago

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