$7,433 Closing Credit*
$625,900
820 SqFt
2 Beds
•1 Full Bath
Jenny Becasen, Listing Office: FOSTER HAMILTON Real Estate
Is San Luis Rey, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, San Luis Rey has remained a Seller's Market.
Key Takeaway
San Luis Rey is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in San Luis Rey, CA
How much do homes in San Luis Rey, CA cost?
Median Sold Price
$615,000
$496/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$27,510(-4.3%)
Key Takeaway
Homes in San Luis Rey have sold for 4.3% less than they did a year ago.
Summary: The median home sold price in San Luis Rey was $615,000 in November 2024, down 4.3% from last year, and the median price per square foot was $496.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $435K | $415K | -4.6% |
| 2 Bedrooms | $540K | $545K | +0.9% |
| 3 Bedrooms | $692.5K | $735K | +6.1% |
| 4 Bedrooms | $850K | $900K | +5.9% |
| 5+ Bedrooms | $925K | $1.1M | +19.0% |
Summary: San Luis Rey housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.6%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 19%.
Median Sold Price Compared To Nearby Neighborhoods
| Ivey Ranch / Rancho Del Oro | $839.5K | $872.5K | +3.9% |
| San Luis Rey | $642.5K | $615K | -4.3% |
Housing Supply in San Luis Rey, CA
How many homes are available in San Luis Rey, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 61 | 56 | -8.2% |
Summary: The San Luis Rey real estate market had 56 homes for sale in November 2024, a 8.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 28 | 29 | +3.6% |
| 3 Bedrooms | 19 | 13 | -31.6% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The San Luis Rey 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 increased by 3.6%, 3 bedroom homes decreased by 31.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in San Luis Rey, you may be able to get a good deal. 35.7% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in San Luis Rey in November 2024, the same as the previous month. Of the 14 sold homes, 36% were sold under asking, 29% were sold at asking, and 36% were sold over asking.
Days on Market for San Luis Rey, CA
How long does it take to sell a home in San Luis Rey, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 19 Days | -5.3% |
Summary: Homes in San Luis Rey had an average of 19 days on market in Nov 2024, down by 5.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in San Luis Rey are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in San Luis Rey; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% 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.