Is Silver Strand, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Silver Strand is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Silver Strand was a Buyer's Market.

Key Takeaway

Silver Strand is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Silver Strand, CA

How much do homes in Silver Strand, CA cost?

Median Sold Price

$1,267,500

$859/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

-$509,500(-28.7%)

Key Takeaway

Homes in Silver Strand have sold for 28.7% less than they did a month ago.

Summary: The median home sold price in Silver Strand was $1,267,500 in September 2024, down 28.7% from last month, and the median price per square foot was $859.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 -$1.3M
N/A
3 $1.7M$1.2M
-31.1%
4 --
N/A
5+ --
N/A

Summary: Silver Strand housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 31.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Silver Strand, CA

How many homes are available in Silver Strand, CA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1014+40.0%

Summary: The Silver Strand real estate market had 14 homes for sale in September 2024, a 40.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 22
0.0%
3 58
+60.0%
4 23
+50.0%
5+ 00
0.0%

Summary: The Silver Strand housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Silver Strand, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Silver Strand in September 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Silver Strand, CA

How long does it take to sell a home in Silver Strand, CA?

Average Sale Time

Aug 2024Sep 2024CHANGE
71 Days113 Days+59.9%

Summary: Homes in Silver Strand had an average of 113 days on market in Sep 2024, up by 59.9% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Silver Strand has remained consistent over time.

Summary: During September 2024, 2 homes were sold in Silver Strand; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 25 Days Ago

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