Is Southridge Villages, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Southridge Villages has remained a Seller's Market.
Housing Prices in Southridge Villages, CA
How much do homes in Southridge Villages, CA cost?
Median Sold Price
$575,000
$387/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Southridge Villages was $575,000 in May 2024, up 4.5% from last year, and the median price per square foot was $387.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $475K | $505K | +6.3% |
3 Bedrooms | $545K | $570K | +4.6% |
4 Bedrooms | $577.5K | $610K | +5.6% |
5+ Bedrooms | $617.5K | $652.5K | +5.7% |
Summary: Southridge Villages housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Neighborhoods
Glen Avon | $558.5K | $595K | +6.5% |
Jurupa Valley | $612.6K | $650K | +6.1% |
Southridge Villages | $550K | $575K | +4.5% |
Housing Supply in Southridge Villages, CA
How many homes are available in Southridge Villages, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 41 | +2.5% |
Summary: The Southridge Villages real estate market had 41 homes for sale in May 2024, a 2.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 25 | 22 | -12.0% |
4 Bedrooms | 10 | 13 | +30.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Southridge Villages housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 12%, 4 bedroom homes increased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 13 | +8.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Southridge Villages in May 2024, up by 8.3% month-over-month. Of the 13 sold homes, 31% were sold under asking, 8% were sold at asking, and 62% were sold over asking.
Days on Market for Southridge Villages, CA
How long does it take to sell a home in Southridge Villages, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 17 Days | -24.7% |
Summary: Homes in Southridge Villages had an average of 17 days on market in May 2024, down by 24.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Southridge Villages; 77% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.