Is Sun Cal, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sun Cal is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Sun Cal was a Seller's Market.

Key Takeaway

Sun Cal 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 Sun Cal, CA

How much do homes in Sun Cal, CA cost?

Median Sold Price

$580,178

$234/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$50,178(+9.5%)

Key Takeaway

Homes in Sun Cal have sold for 9.5% more than they did a year ago.

Summary: The median home sold price in Sun Cal was $580,178 in October 2024, up 9.5% from last year, and the median price per square foot was $234.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $388.1K$499.9K
+28.8%
3 $500K$516K
+3.2%
4 $546K$580K
+6.2%
5+ $610K$632.5K
+3.7%

Summary: Sun Cal 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 increased by 28.8%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 3.7%.

Housing Supply in Sun Cal, CA

How many homes are available in Sun Cal, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3936-7.7%

Summary: The Sun Cal real estate market had 36 homes for sale in October 2024, a 7.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 67
+16.7%
4 2219
-13.6%
5+ 1010
0.0%

Summary: The Sun Cal 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 decreased by 100%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
146-57.1%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sun Cal, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Sun Cal in October 2024, down by 57.1% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.

Days on Market for Sun Cal, CA

How long does it take to sell a home in Sun Cal, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days56 Days+110.5%

Summary: Homes in Sun Cal had an average of 56 days on market in Oct 2024, up by 110.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were 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 Sun Cal has remained consistent over time.

Summary: During October 2024, 6 homes were sold in Sun Cal; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% 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 16 Days Ago

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