Is San Elijo Hills, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing San Elijo Hills is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, San Elijo Hills has remained a Seller's Market.

Key Takeaway

San Elijo Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in San Elijo Hills, CA

How much do homes in San Elijo Hills, CA cost?

Median Sold Price

$1,215,000

$556/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$319,500(+35.7%)

Key Takeaway

Homes in San Elijo Hills have sold for 35.7% more than they did a year ago.

Summary: The median home sold price in San Elijo Hills was $1,215,000 in November 2024, up 35.7% from last year, and the median price per square foot was $556.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $712K$745.5K
+4.7%
3 $810K$895K
+10.5%
4 $1.4M$1.6M
+16.2%
5+ $1.6M$1.6M
+3.5%

Summary: San Elijo Hills housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes increased by 3.5%.

Housing Supply in San Elijo Hills, CA

How many homes are available in San Elijo Hills, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3927-30.8%

Summary: The San Elijo Hills real estate market had 27 homes for sale in November 2024, a 30.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 44
0.0%
3 1914
-26.3%
4 104
-60.0%
5+ 65
-16.7%

Summary: The San Elijo Hills housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 26.3%, 4 bedroom homes decreased by 60%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1013+30.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in San Elijo Hills, you may be able to get a good deal. 76.9% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in San Elijo Hills in November 2024, up by 30.0% month-over-month. Of the 13 sold homes, 77% were sold under asking, 15% were sold at asking, and 8% were sold over asking.

Days on Market for San Elijo Hills, CA

How long does it take to sell a home in San Elijo Hills, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
32 Days23 Days-26.4%

Summary: Homes in San Elijo Hills had an average of 23 days on market in Nov 2024, down by 26.4% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in San Elijo Hills are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 13 homes were sold in San Elijo Hills; 69% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 0% 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 21 Days Ago

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