$10,000 Closing Credit*
$1,149,000
2,170 SqFt
3 Beds
•2 Full Baths, 1 Partial
Nicholas Nisbet, Listing Office: West Coast Properties
Is Santa Margarita, 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, Santa Margarita has remained a Buyer's Market.
Key Takeaway
Santa Margarita is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Santa Margarita, CA
How much do homes in Santa Margarita, CA cost?
Median Sold Price
$715,000
$435/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$95,000(-11.7%)
Key Takeaway
Homes in Santa Margarita have sold for 11.7% less than they did a year ago.
Summary: The median home sold price in Santa Margarita was $715,000 in October 2024, down 11.7% from last year, and the median price per square foot was $435.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | - | N/A |
| 2 Bedrooms | $410K | $177.5K | -56.7% |
| 3 Bedrooms | $817.5K | $730K | -10.7% |
| 4 Bedrooms | $1.0M | $945K | -6.3% |
| 5+ Bedrooms | $1.4M | $642K | -56.5% |
Summary: Santa Margarita housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 56.7%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 56.5%.
Housing Supply in Santa Margarita, CA
How many homes are available in Santa Margarita, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Summary: The Santa Margarita real estate market had 14 homes for sale in October 2024, a 6.7% decrease 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Santa Margarita 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 remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Santa Margarita, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Santa Margarita in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Santa Margarita, CA
How long does it take to sell a home in Santa Margarita, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 10 Days | -52.4% |
Summary: Homes in Santa Margarita had an average of 10 days on market in Oct 2024, down by 52.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Santa Margarita are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Santa Margarita; 100% of homes were sold within 30 days, 0% 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.