$10,000 Closing Credit*
$1,849,000
1,780 SqFt
4 Beds
•3 Full Baths, 1 Partial
Ashley Mateo, Listing Office: Compass
Is Ponderosa, 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, Ponderosa has remained a Seller's Market.
Key Takeaway
Ponderosa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ponderosa, CA
How much do homes in Ponderosa, CA cost?
Median Sold Price
$1,642,000
$1,050/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$117,000(+7.7%)
Key Takeaway
Homes in Ponderosa have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Ponderosa was $1,642,000 in November 2024, up 7.7% from last year, and the median price per square foot was $1,050.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $655K | $658K | 0.5% |
| 2 Bedrooms | $967.5K | $950K | -1.8% |
| 3 Bedrooms | $1.6M | $1.7M | +3.6% |
| 4 Bedrooms | $2.2M | $2.5M | +14.1% |
| 5+ Bedrooms | $2.4M | $2.9M | +24.2% |
Summary: Ponderosa housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.5%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes increased by 24.2%.
Housing Supply in Ponderosa, CA
How many homes are available in Ponderosa, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 21 | -44.7% |
Summary: The Ponderosa real estate market had 21 homes for sale in November 2024, a 44.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 19 | 11 | -42.1% |
| 4 Bedrooms | 9 | 2 | -77.8% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Ponderosa housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 42.1%, 4 bedroom homes decreased by 77.8%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 9 | -60.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ponderosa, you could pay more than the asking price. 87.5% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Ponderosa in November 2024, down by 60.9% month-over-month. Of the 8 sold homes, 13% were sold under asking, 0% were sold at asking, and 88% were sold over asking.
Days on Market for Ponderosa, CA
How long does it take to sell a home in Ponderosa, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 18 Days | -23.5% |
Summary: Homes in Ponderosa had an average of 18 days on market in Nov 2024, down by 23.5% compared to last year.
Breakdown of Home Sale Times
7 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 Ponderosa are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Ponderosa; 78% of homes were sold within 30 days, 22% 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.