$48,000
0.07 Acres
Land
Christopher Gibson, Listing Office: Quick Lane Realty
Is Running Springs, 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, Running Springs was a Seller's Market.
Key Takeaway
Running Springs is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Running Springs, CA
How much do homes in Running Springs, CA cost?
Median Sold Price
$351,250
$304/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$13,750(-3.8%)
Key Takeaway
Homes in Running Springs have sold for 3.8% less than they did a year ago.
Summary: The median home sold price in Running Springs was $351,250 in October 2024, down 3.8% from last year, and the median price per square foot was $304.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230.5K | $284.7K | +23.5% |
| 2 Bedrooms | $330K | $320K | -3.0% |
| 3 Bedrooms | $405K | $400K | -1.2% |
| 4 Bedrooms | $488.7K | $472.5K | -3.3% |
| 5+ Bedrooms | $570K | $552K | -3.2% |
Summary: Running Springs housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.5%, 2 bedroom homes decreased by 3%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 3.2%.
Housing Supply in Running Springs, CA
How many homes are available in Running Springs, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 119 | 123 | +3.4% |
Summary: The Running Springs real estate market had 123 homes for sale in October 2024, a 3.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 44 | 49 | +11.4% |
| 3 Bedrooms | 47 | 44 | -6.4% |
| 4 Bedrooms | 17 | 17 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Running Springs housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 11.4%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Running Springs, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Running Springs in October 2024, up by 7.7% month-over-month. Of the 14 sold homes, 21% were sold under asking, 21% were sold at asking, and 57% were sold over asking.
Days on Market for Running Springs, CA
How long does it take to sell a home in Running Springs, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 72 Days | 35 Days | -50.9% |
Summary: Homes in Running Springs had an average of 35 days on market in Oct 2024, down by 50.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Running Springs are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in Running Springs; 64% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 14% 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.