Is Sierra del Oro, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sierra del Oro is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Sierra del Oro has remained a Seller's Market.

Key Takeaway

Sierra del Oro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Sierra del Oro, CA

How much do homes in Sierra del Oro, CA cost?

Median Sold Price

$754,000

$462/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$22,000(-2.8%)

Key Takeaway

Homes in Sierra del Oro have sold for 2.8% less than they did a year ago.

Summary: The median home sold price in Sierra del Oro was $754,000 in December 2024, down 2.8% from last year, and the median price per square foot was $462.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $385K$380K
-1.3%
2 $463.7K$495.5K
+6.8%
3 $670K$717.5K
+7.1%
4 $860K$897.4K
+4.4%
5+ $890K$956.7K
+7.5%

Summary: Sierra del Oro housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 7.5%.

Median Sold Price Compared To Nearby Neighborhoods

South Corona
+7.4%
North Corona
+4.4%
Sierra del Oro
-2.8%

Housing Supply in Sierra del Oro, CA

How many homes are available in Sierra del Oro, CA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2526+4.0%

Summary: The Sierra del Oro real estate market had 26 homes for sale in December 2024, a 4.0% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 33
0.0%
2 32
-33.3%
3 68
+33.3%
4 79
+28.6%
5+ 64
-33.3%

Summary: The Sierra del Oro housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
47+75.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sierra del Oro, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Sierra del Oro in December 2024, up by 75.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.

Days on Market for Sierra del Oro, CA

How long does it take to sell a home in Sierra del Oro, CA?

Average Sale Time

Dec 2023Dec 2024CHANGE
28 Days38 Days+32.3%

Summary: Homes in Sierra del Oro had an average of 38 days on market in Dec 2024, up by 32.3% compared to last year.

Breakdown of Home Sale Times

3 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

Avg time on Rocket Homes in Sierra del Oro has remained consistent over time.

Summary: During December 2024, 7 homes were sold in Sierra del Oro; 43% of homes were sold within 30 days, 57% 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 2 Days Ago

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