$10,000 Closing Credit*
$1,599,990
2,294 SqFt
3 Beds
•3 Full Baths
Cesi Pagano, Listing Office: Keller Williams Realty
Is Portola Springs, 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 Springs has remained a Seller's Market.
Key Takeaway
Portola Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Portola Springs, CA
How much do homes in Portola Springs, CA cost?
Median Sold Price
$1,784,500
$887/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$431,500(+31.9%)
Key Takeaway
Homes in Portola Springs have sold for 31.9% more than they did a year ago.
Summary: The median home sold price in Portola Springs was $1,784,500 in October 2024, up 31.9% from last year, and the median price per square foot was $887.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $990K | N/A |
| 2 Bedrooms | $892.5K | $1.0M | +17.1% |
| 3 Bedrooms | $1.2M | $1.4M | +22.5% |
| 4 Bedrooms | $1.8M | $2.2M | +23.3% |
| 5+ Bedrooms | $3.3M | $3.8M | +16.5% |
Summary: Portola Springs housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 22.5%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes increased by 16.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Portola Springs | $1.3M | $1.7M | +31.9% |
| Orchard Hills | $2.3M | $2.9M | +29.4% |
| Orange County Great Park | $1.5M | $1.7M | +15.6% |
| Woodbury | $1.3M | $1.5M | +14.8% |
| Stonegate | $1.7M | $1.8M | +2.5% |
Housing Supply in Portola Springs, CA
How many homes are available in Portola Springs, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 53 | 54 | +1.9% |
Summary: The Portola Springs real estate market had 54 homes for sale in October 2024, a 1.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 21 | 21 | 0.0% |
| 4 Bedrooms | 25 | 26 | +4.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Portola Springs 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 increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Portola Springs, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Portola Springs in October 2024, up by 9.1% month-over-month. Of the 12 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Portola Springs, CA
How long does it take to sell a home in Portola Springs, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 34 Days | +83.4% |
Summary: Homes in Portola Springs had an average of 34 days on market in Oct 2024, up by 83.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Portola Springs are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in Portola Springs; 50% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 8% 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.