Is Santa Paula, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Santa Paula is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Santa Paula has remained a Seller's Market.

Key Takeaway

Santa Paula is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Santa Paula, CA

How much do homes in Santa Paula, CA cost?

Median Sold Price

$725,000

$433/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$61,287(+9.2%)

Key Takeaway

Homes in Santa Paula have sold for 9.2% more than they did a year ago.

Summary: The median home sold price in Santa Paula was $725,000 in October 2024, up 9.2% from last year, and the median price per square foot was $433.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $326.5K$385K
+17.9%
2 $417.5K$515K
+23.4%
3 $695K$735K
+5.8%
4 $699.5K$745K
+6.5%
5+ $850K$932.5K
+9.7%

Summary: Santa Paula housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.9%, 2 bedroom homes increased by 23.4%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 9.7%.

Housing Supply in Santa Paula, CA

How many homes are available in Santa Paula, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6766-1.5%

Summary: The Santa Paula real estate market had 66 homes for sale in October 2024, a 1.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1414
0.0%
3 2220
-9.1%
4 2627
+3.8%
5+ 55
0.0%

Summary: The Santa Paula 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 9.1%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
920+122.2%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Santa Paula, you could pay more than the asking price. 55% of homes here sold above asking price last month.

Summary: A total of 20 homes were sold or pending in Santa Paula in October 2024, up by 122.2% month-over-month. Of the 20 sold homes, 20% were sold under asking, 25% were sold at asking, and 55% were sold over asking.

Days on Market for Santa Paula, CA

How long does it take to sell a home in Santa Paula, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
39 Days37 Days-4.9%

Summary: Homes in Santa Paula had an average of 37 days on market in Oct 2024, down by 4.9% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Santa Paula are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 20 homes were sold in Santa Paula; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% 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 16 Days Ago

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