$8,016 Closing Credit*
$675,000
NATALIE JOHNSON, Listing Office: WESTCOE REALTORS INC
Is Redlands, 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, Redlands has remained a Seller's Market.
Key Takeaway
Redlands is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Redlands, CA
How much do homes in Redlands, CA cost?
Median Sold Price
$633,021
$370/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$33,021(+5.5%)
Key Takeaway
Homes in Redlands have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Redlands was $633,021 in October 2024, up 5.5% from last year, and the median price per square foot was $370.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $312.5K | $261K | -16.5% |
| 2 Bedrooms | $432.5K | $470K | +8.7% |
| 3 Bedrooms | $557.4K | $600K | +7.6% |
| 4 Bedrooms | $670K | $711K | +6.1% |
| 5+ Bedrooms | $924K | $910K | -1.5% |
Summary: Redlands housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.5%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 1.5%.
Median Sold Price Compared To Nearby Cities
| San Gorgonio Pass | $461.2K | $500K | +8.4% |
| San Bernardino | $455.9K | $489K | +7.2% |
| Yucaipa | $530K | $560K | +5.7% |
| Redlands | $600K | $633K | +5.5% |
| Highland | $525K | $527.2K | 0.4% |
Housing Supply in Redlands, CA
How many homes are available in Redlands, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 183 | 192 | +4.9% |
Summary: The Redlands real estate market had 192 homes for sale in October 2024, a 4.9% 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 | 22 | 23 | +4.5% |
| 3 Bedrooms | 67 | 72 | +7.5% |
| 4 Bedrooms | 62 | 66 | +6.5% |
| 5+ Bedrooms | 32 | 31 | -3.1% |
Summary: The Redlands 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 4.5%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 3.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 43 | +13.2% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Redlands, you may be able to get a good deal. 34.9% of homes here sold below asking price last month.
Summary: A total of 43 homes were sold or pending in Redlands in October 2024, up by 13.2% month-over-month. Of the 43 sold homes, 35% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Redlands, CA
How long does it take to sell a home in Redlands, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 42 Days | +16.1% |
Summary: Homes in Redlands had an average of 42 days on market in Oct 2024, up by 16.1% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Redlands are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 43 homes were sold in Redlands; 49% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 9% 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.