$4,275 Closing Credit*
$360,000
736 SqFt
1 Bed
•1 Full Bath
Chad Power, Listing Office: Signature Real Estate Group
Is Palomar Mountain, 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, Palomar Mountain has remained a Seller's Market.
Key Takeaway
Palomar Mountain is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Palomar Mountain, CA
How much do homes in Palomar Mountain, CA cost?
Median Sold Price
$378,250
$344/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$121,750(-24.3%)
Key Takeaway
Homes in Palomar Mountain have sold for 24.3% less than they did a year ago.
Summary: The median home sold price in Palomar Mountain was $378,250 in October 2024, down 24.3% from last year, and the median price per square foot was $344.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $389.2K | $302K | -22.4% |
| 2 Bedrooms | $355K | $203K | -42.8% |
| 3 Bedrooms | $500K | $520K | +4.0% |
| 4 Bedrooms | $895.1K | $687.5K | -23.2% |
| 5+ Bedrooms | $828K | - | N/A |
Summary: Palomar Mountain housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.4%, 2 bedroom homes decreased by 42.8%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 23.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Palomar-Julian | $564K | $590K | +4.6% |
| Pauma Valley | $775K | $782K | +0.9% |
| Palomar Mountain | $500K | $378.2K | -24.3% |
Housing Supply in Palomar Mountain, CA
How many homes are available in Palomar Mountain, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Summary: The Palomar Mountain real estate market had 11 homes for sale in October 2024, a 37.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Palomar Mountain 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 increased by 33.3%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palomar Mountain, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Palomar Mountain in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Palomar Mountain, CA
How long does it take to sell a home in Palomar Mountain, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 96 Days | +245.5% |
Summary: Homes in Palomar Mountain had an average of 96 days on market in Oct 2024, up by 245.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Palomar Mountain has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Palomar Mountain; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% 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.