$6,876 Closing Credit*
$579,000
1,621 SqFt
3 Beds
•2 Full Baths, 1 Partial
Sergio Ceja, Listing Office: Remax Property Experts
Is North Salinas, 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 Salinas has remained a Seller's Market.
Key Takeaway
North Salinas is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Salinas, CA
How much do homes in North Salinas, CA cost?
Median Sold Price
$650,000
$494/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$42,000(+6.9%)
Key Takeaway
Homes in North Salinas have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in North Salinas was $650,000 in October 2024, up 6.9% from last year, and the median price per square foot was $494.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $329.9K | $300K | -9.1% |
| 2 Bedrooms | $383.5K | $529K | +37.9% |
| 3 Bedrooms | $610K | $665K | +9.0% |
| 4 Bedrooms | $693.5K | $710K | +2.4% |
| 5+ Bedrooms | $855K | $929.5K | +8.7% |
Summary: North Salinas housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.1%, 2 bedroom homes increased by 37.9%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 8.7%.
Median Sold Price Compared To Nearby Neighborhoods
| North Salinas | $608K | $650K | +6.9% |
| Laurel Park | $567.5K | $592.5K | +4.4% |
Housing Supply in North Salinas, CA
How many homes are available in North Salinas, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 41 | +2.5% |
Summary: The North Salinas real estate market had 41 homes for sale in October 2024, a 2.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 6 | +50.0% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 22 | 19 | -13.6% |
| 4 Bedrooms | 4 | 8 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The North Salinas housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 11 | -31.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Salinas, you could pay more than the asking price. 72.7% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in North Salinas in October 2024, down by 31.3% month-over-month. Of the 11 sold homes, 9% were sold under asking, 18% were sold at asking, and 73% were sold over asking.
Days on Market for North Salinas, CA
How long does it take to sell a home in North Salinas, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 20 Days | +27.8% |
Summary: Homes in North Salinas had an average of 20 days on market in Oct 2024, up by 27.8% compared to last year.
Breakdown of Home Sale Times
8 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 Salinas are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in North Salinas; 73% of homes were sold within 30 days, 27% 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.