$10,000 Closing Credit*
$2,180,000
3,150 SqFt
5 Beds
•4 Full Baths, 1 Partial
Kathy Wang, Listing Office: Pinnacle Real Estate Group
Is Portola Hills, 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, Portola Hills has remained a Seller's Market.
Key Takeaway
Portola Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Portola Hills, CA
How much do homes in Portola Hills, CA cost?
Median Sold Price
$1,100,000
$630/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$125,556(+12.9%)
Key Takeaway
Homes in Portola Hills have sold for 12.9% more than they did a year ago.
Summary: The median home sold price in Portola Hills was $1,100,000 in October 2024, up 12.9% from last year, and the median price per square foot was $630.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $465K | $490K | +5.4% |
| 2 Bedrooms | $620.5K | $620K | -0.1% |
| 3 Bedrooms | $839.5K | $870K | +3.6% |
| 4 Bedrooms | $1.4M | $1.3M | -0.2% |
| 5+ Bedrooms | $1.7M | $1.9M | +8.9% |
Summary: Portola Hills housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes decreased by 0.1%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes increased by 8.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Portola Hills | $974.4K | $1.1M | +12.9% |
| Foothill Ranch | $729K | $820K | +12.5% |
Housing Supply in Portola Hills, CA
How many homes are available in Portola Hills, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 28 | -9.7% |
Summary: The Portola Hills real estate market had 28 homes for sale in October 2024, a 9.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Portola Hills housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
2 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 Portola Hills, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Portola Hills in October 2024, up by 60.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for Portola Hills, CA
How long does it take to sell a home in Portola Hills, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 14 Days | -25.4% |
Summary: Homes in Portola Hills had an average of 14 days on market in Oct 2024, down by 25.4% compared to last year.
Breakdown of Home Sale Times
6 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 Portola Hills are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Portola Hills; 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.