Is Racquet Club Estates, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Racquet Club Estates is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Racquet Club Estates has remained a Buyer's Market.

Key Takeaway

Racquet Club Estates is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Racquet Club Estates, CA

How much do homes in Racquet Club Estates, CA cost?

Median Sold Price

$580,000

$400/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$92,500(+19.0%)

Key Takeaway

Homes in Racquet Club Estates have sold for 19% more than they did a year ago.

Summary: The median home sold price in Racquet Club Estates was $580,000 in November 2024, up 19% from last year, and the median price per square foot was $400.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $312K$305K
-2.2%
2 $430K$450K
+4.7%
3 $735K$772.5K
+5.1%
4 $1.2M$1.1M
-13.1%
5+ -$1.7M
N/A

Summary: Racquet Club Estates housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.2%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 13.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Racquet Club Estates
+19.0%
Vista Norte
+3.3%
Racquet Club West
-5.9%

Housing Supply in Racquet Club Estates, CA

How many homes are available in Racquet Club Estates, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3242+31.3%

Summary: The Racquet Club Estates real estate market had 42 homes for sale in November 2024, a 31.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 45
+25.0%
2 1214
+16.7%
3 1419
+35.7%
4 24
+100.0%
5+ 00
0.0%

Summary: The Racquet Club Estates housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 35.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Racquet Club Estates, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Racquet Club Estates in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Racquet Club Estates, CA

How long does it take to sell a home in Racquet Club Estates, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
11 Days65 Days+493.2%

Summary: Homes in Racquet Club Estates had an average of 65 days on market in Nov 2024, up by 493.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Racquet Club Estates has remained consistent over time.

Summary: During November 2024, 4 homes were sold in Racquet Club Estates; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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