$5,046 Closing Credit*
$424,900
1,188 SqFt
2 Beds
•2 Full Baths
CANDICE LEWIS, Listing Office: RE/MAX ADVANTAGE
Is South Redlands, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, South Redlands has remained a Seller's Market.
Key Takeaway
South Redlands is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Redlands, CA
How much do homes in South Redlands, CA cost?
Median Sold Price
$703,500
$384/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$45,500(+6.9%)
Key Takeaway
Homes in South Redlands have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in South Redlands was $703,500 in November 2024, up 6.9% from last year, and the median price per square foot was $384.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $271K | -22.6% |
| 2 Bedrooms | $462.8K | $539K | +16.5% |
| 3 Bedrooms | $612K | $672.5K | +9.9% |
| 4 Bedrooms | $720K | $748K | +3.9% |
| 5+ Bedrooms | $1.2M | $1.1M | -11.1% |
Summary: South Redlands housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.6%, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 11.1%.
Median Sold Price Compared To Nearby Neighborhoods
| North Redlands | $537.4K | $575K | +7.0% |
| South Redlands | $658K | $703.5K | +6.9% |
| Live Oak Canyon | $824K | $765K | -7.2% |
Housing Supply in South Redlands, CA
How many homes are available in South Redlands, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 83 | 73 | -12.0% |
Summary: The South Redlands real estate market had 73 homes for sale in November 2024, a 12.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 7 | -30.0% |
| 3 Bedrooms | 29 | 26 | -10.3% |
| 4 Bedrooms | 31 | 29 | -6.5% |
| 5+ Bedrooms | 13 | 11 | -15.4% |
Summary: The South Redlands housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 30%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes decreased by 15.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 16 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Redlands, you could pay more than the asking price. 56.3% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in South Redlands in November 2024, down by 20.0% month-over-month. Of the 16 sold homes, 13% were sold under asking, 31% were sold at asking, and 56% were sold over asking.
Days on Market for South Redlands, CA
How long does it take to sell a home in South Redlands, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 54 Days | +105.6% |
Summary: Homes in South Redlands had an average of 54 days on market in Nov 2024, up by 105.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Redlands are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in South Redlands; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% 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.