$12,495,000
5.70 Acres
Land
ERIC WASHLE, Listing Office: COLDWELL BANKER COMMERCIAL SC
Is North Redlands, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$372/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$37,550(+7.0%)
Key Takeaway
Homes in North Redlands have sold for 7% more than they did a year ago.
Summary: The median home sold price in North Redlands was $575,000 in November 2024, up 7% from last year, and the median price per square foot was $372.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $305.5K | +22.2% |
| 2 Bedrooms | $376.5K | $426.5K | +13.3% |
| 3 Bedrooms | $502K | $550K | +9.6% |
| 4 Bedrooms | $600K | $612K | +2.0% |
| 5+ Bedrooms | $718K | $779.5K | +8.6% |
Summary: North Redlands housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 8.6%.
Median Sold Price Compared To Nearby Neighborhoods
| North Redlands | $537.4K | $575K | +7.0% |
| Mentone | $450K | $480K | +6.7% |
Housing Supply in North Redlands, CA
How many homes are available in North Redlands, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 66 | 67 | +1.5% |
Summary: The North Redlands real estate market had 67 homes for sale in November 2024, a 1.5% increase 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 | 8 | 12 | +50.0% |
| 3 Bedrooms | 28 | 27 | -3.6% |
| 4 Bedrooms | 22 | 21 | -4.5% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The North Redlands 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 50%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 12 | -20.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Redlands, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in North Redlands in November 2024, down by 20.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 8% were sold at asking, and 42% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 21 Days | -1.3% |
Summary: Homes in North Redlands had an average of 21 days on market in Nov 2024, down by 1.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Redlands are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in North Redlands; 75% of homes were sold within 30 days, 25% 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.