$8,016 Closing Credit*
$675,000
NATALIE JOHNSON, Listing Office: WESTCOE REALTORS INC
Is North Redlands, 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, North Redlands has remained a Seller's Market.
Key Takeaway
North Redlands is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Redlands, CA
How much do homes in North Redlands, CA cost?
Median Sold Price
$575,000
$370/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,000(+7.5%)
Key Takeaway
Homes in North Redlands have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in North Redlands was $575,000 in October 2024, up 7.5% from last year, and the median price per square foot was $370.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $305.5K | +22.2% |
| 2 Bedrooms | $401.5K | $420K | +4.6% |
| 3 Bedrooms | $500K | $550K | +10.0% |
| 4 Bedrooms | $600K | $611K | +1.8% |
| 5+ Bedrooms | $710K | $772K | +8.7% |
Summary: North Redlands housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 8.7%.
Housing Supply in North Redlands, CA
How many homes are available in North Redlands, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 63 | 72 | +14.3% |
Summary: The North Redlands real estate market had 72 homes for sale in October 2024, a 14.3% 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 | 9 | 9 | 0.0% |
| 3 Bedrooms | 25 | 29 | +16.0% |
| 4 Bedrooms | 19 | 24 | +26.3% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The North Redlands 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 remained the same, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Redlands, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in North Redlands in October 2024, up by 7.1% month-over-month. Of the 15 sold homes, 33% were sold under asking, 27% were sold at asking, and 40% were sold over asking.
Days on Market for North Redlands, CA
How long does it take to sell a home in North Redlands, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 39 Days | +33.8% |
Summary: Homes in North Redlands had an average of 39 days on market in Oct 2024, up by 33.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in North Redlands are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in North Redlands; 47% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 7% 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.