Is Mountain Empire, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mountain Empire is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Mountain Empire has remained a Buyer's Market.

Key Takeaway

Mountain Empire is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Mountain Empire, CA

How much do homes in Mountain Empire, CA cost?

Median Sold Price

$445,000

$316/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$10,000(-2.2%)

Key Takeaway

Homes in Mountain Empire have sold for 2.2% less than they did a year ago.

Summary: The median home sold price in Mountain Empire was $445,000 in November 2024, down 2.2% from last year, and the median price per square foot was $316.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $94K$331.5K
+252.7%
2 $369K$428K
+16.0%
3 $465K$450K
-3.2%
4 $498.5K$519.5K
+4.2%
5+ -$550K
N/A

Summary: Mountain Empire housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 252.7%, 2 bedroom homes increased by 16%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes did not change.

Housing Supply in Mountain Empire, CA

How many homes are available in Mountain Empire, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2932+10.3%

Summary: The Mountain Empire real estate market had 32 homes for sale in November 2024, a 10.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 1011
+10.0%
3 1313
0.0%
4 23
+50.0%
5+ 12
+100.0%

Summary: The Mountain Empire 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 increased by 10%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
330.0%

Asking Price vs. Sold Price

2 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 Mountain Empire, 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 Mountain Empire in November 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Mountain Empire, CA

How long does it take to sell a home in Mountain Empire, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
16 Days8 Days-48.0%

Summary: Homes in Mountain Empire had an average of 8 days on market in Nov 2024, down by 48% compared to last year.

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 Mountain Empire are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Mountain Empire; 100% 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 22 Days Ago

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