$10,000 Closing Credit*
$1,359,900
1,656 SqFt
3 Beds
•3 Full Baths
Noah Grassi, Listing Office: Compass
Is Point Loma Heights, 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, Point Loma Heights has remained a Seller's Market.
Key Takeaway
Point Loma Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Point Loma Heights, CA
How much do homes in Point Loma Heights, CA cost?
Median Sold Price
$938,000
$767/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$48,000(+5.4%)
Key Takeaway
Homes in Point Loma Heights have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Point Loma Heights was $938,000 in November 2024, up 5.4% from last year, and the median price per square foot was $767.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $480K | $475K | -1.0% |
| 2 Bedrooms | $719.5K | $712.5K | -1.0% |
| 3 Bedrooms | $1.4M | $1.3M | -1.8% |
| 4 Bedrooms | $1.5M | $2.0M | +29.0% |
| 5+ Bedrooms | - | $2.1M | N/A |
Summary: Point Loma Heights housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1%, 2 bedroom homes decreased by 1%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 29%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Roseville - Fleet Ridge | $1.6M | $1.7M | +8.6% |
| Point Loma Heights | $890K | $938K | +5.4% |
| Loma Portal | $1.6M | $1.5M | -0.4% |
Housing Supply in Point Loma Heights, CA
How many homes are available in Point Loma Heights, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 58 | +38.1% |
Summary: The Point Loma Heights real estate market had 58 homes for sale in November 2024, a 38.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 7 | +133.3% |
| 2 Bedrooms | 15 | 19 | +26.7% |
| 3 Bedrooms | 11 | 14 | +27.3% |
| 4 Bedrooms | 9 | 13 | +44.4% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Point Loma Heights housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 133.3%, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 13 | +85.7% |
Asking Price vs. Sold Price
3 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 Point Loma Heights, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Point Loma Heights in November 2024, up by 85.7% month-over-month. Of the 13 sold homes, 23% were sold under asking, 31% were sold at asking, and 46% were sold over asking.
Days on Market for Point Loma Heights, CA
How long does it take to sell a home in Point Loma Heights, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 16 Days | +9.1% |
Summary: Homes in Point Loma Heights had an average of 16 days on market in Nov 2024, up by 9.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Point Loma Heights are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in Point Loma Heights; 85% of homes were sold within 30 days, 15% 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.