$8,894 Closing Credit*
$749,000
1,351 SqFt
2 Beds
•2 Full Baths
Jimmy Reed, Listing Office: Re/Max Coastal Homes
Is Talega, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Talega has remained a Seller's Market.
Key Takeaway
Talega is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Talega, CA
How much do homes in Talega, CA cost?
Median Sold Price
$1,735,000
$621/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$105,000(+6.4%)
Key Takeaway
Homes in Talega have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Talega was $1,735,000 in October 2024, up 6.4% from last year, and the median price per square foot was $621.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $1.1M | $800K | -30.4% |
| 3 Bedrooms | $1.2M | $1.4M | +18.6% |
| 4 Bedrooms | $1.6M | $1.7M | +11.0% |
| 5+ Bedrooms | $2.0M | $2.2M | +9.2% |
Summary: Talega 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 decreased by 30.4%, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 9.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Forest Ranch | $1.5M | $1.6M | +12.0% |
| Talega | $1.6M | $1.7M | +6.4% |
| Rancho Mission Viejo | $1.1M | $1.1M | +1.4% |
Housing Supply in Talega, CA
How many homes are available in Talega, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 45 | -4.3% |
Summary: The Talega real estate market had 45 homes for sale in October 2024, a 4.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 14 | 16 | +14.3% |
| 5+ Bedrooms | 18 | 16 | -11.1% |
Summary: The Talega 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 16.7%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 14 | +27.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Talega, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Talega in October 2024, up by 27.3% month-over-month. Of the 14 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Talega, CA
How long does it take to sell a home in Talega, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 39 Days | -4.3% |
Summary: Homes in Talega had an average of 39 days on market in Oct 2024, down by 4.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Talega are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in Talega; 50% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 7% 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.