$10,000 Closing Credit*
$898,000
1,173 SqFt
2 Beds
•2 Full Baths
Karla Kreiss, Listing Office: Christie's Intl RE Sereno
Is Saranap, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Saranap was a Neutral Market.
Key Takeaway
Saranap is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Saranap, CA
How much do homes in Saranap, CA cost?
Median Sold Price
$1,327,000
$780/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$2,000(+0.2%)
Key Takeaway
The sold price of homes in Saranap has remained the same since last year.
Summary: The median home sold price in Saranap was $1,327,000 in August 2024, up 0.2% from last year, and the median price per square foot was $780.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $500K | $500K | 0.0% |
| 2 Bedrooms | $560K | $617.5K | +10.3% |
| 3 Bedrooms | $1.3M | $1.3M | +1.4% |
| 4 Bedrooms | $1.5M | $1.5M | +1.6% |
| 5+ Bedrooms | $2.0M | $2.1M | +4.9% |
Summary: Saranap housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 4.9%.
Housing Supply in Saranap, CA
How many homes are available in Saranap, CA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 15 | 21 | +40.0% |
Summary: The Saranap real estate market had 21 homes for sale in August 2024, a 40.0% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Saranap housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saranap, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Saranap in August 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Saranap, CA
How long does it take to sell a home in Saranap, CA?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 3 Days | 47 Days | +1494.4% |
Summary: Homes in Saranap had an average of 47 days on market in Aug 2024, up by 1494.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Saranap has remained consistent over time.
Summary: During August 2024, 6 homes were sold in Saranap; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% 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.