Is Spanos Park West, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Spanos Park West is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Spanos Park West was a Neutral Market.

Key Takeaway

Spanos Park West is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Spanos Park West, CA

How much do homes in Spanos Park West, CA cost?

Median Sold Price

$582,298

$259/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$8,702(-1.5%)

Key Takeaway

Homes in Spanos Park West have sold for 1.5% less than they did a year ago.

Summary: The median home sold price in Spanos Park West was $582,298 in October 2024, down 1.5% from last year, and the median price per square foot was $259.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $583.9K$559.5K
-4.2%
4 $570K$562.2K
-1.4%
5+ $664.1K$638.9K
-3.8%

Summary: Spanos Park West housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 3.8%.

Housing Supply in Spanos Park West, CA

How many homes are available in Spanos Park West, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2720-25.9%

Summary: The Spanos Park West real estate market had 20 homes for sale in October 2024, a 25.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 76
-14.3%
4 117
-36.4%
5+ 97
-22.2%

Summary: The Spanos Park West housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes decreased by 22.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
660.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Spanos Park West, 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 Spanos Park West in October 2024, the same as the previous month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.

Days on Market for Spanos Park West, CA

How long does it take to sell a home in Spanos Park West, CA?

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was 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 Spanos Park West has remained consistent over time.

Summary: During October 2024, 6 homes were sold in Spanos Park West; 0% of homes were sold within 30 days, 17% 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 20 Days Ago

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