$10,000 Closing Credit*
$1,050,000
2,246 SqFt
4 Beds
•2 Full Baths
Byron Lohman, Listing Office: Platinum Star Properties
Is Racquet Club Estates, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Racquet Club Estates was a Seller'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
$534,500
$397/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$59,500(+12.5%)
Key Takeaway
Homes in Racquet Club Estates have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in Racquet Club Estates was $534,500 in October 2024, up 12.5% from last year, and the median price per square foot was $397.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $305K | -1.6% |
| 2 Bedrooms | $432.5K | $407.5K | -5.8% |
| 3 Bedrooms | $735K | $775K | +5.4% |
| 4 Bedrooms | $1.2M | $1.1M | -13.1% |
| 5+ Bedrooms | - | $1.7M | N/A |
Summary: Racquet Club Estates housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.6%, 2 bedroom homes decreased by 5.8%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 13.1%, and 5+ bedroom homes did not change.
Housing Supply in Racquet Club Estates, CA
How many homes are available in Racquet Club Estates, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 36 | +16.1% |
Summary: The Racquet Club Estates real estate market had 36 homes for sale in October 2024, a 16.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 15 | 13 | -13.3% |
| 3 Bedrooms | 11 | 17 | +54.5% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Racquet Club Estates 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 decreased by 13.3%, 3 bedroom homes increased by 54.5%, 4 bedroom homes increased by 200%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Racquet Club Estates, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Racquet Club Estates in October 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 53 Days | +13.2% |
Summary: Homes in Racquet Club Estates had an average of 53 days on market in Oct 2024, up by 13.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Racquet Club Estates are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Racquet Club Estates; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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.