$10,000 Closing Credit*
$1,319,900
2,187 SqFt
4 Beds
•2 Full Baths, 1 Partial
Kim Klecan, Listing Office: San Terra Properties
Is Tierrasanta, 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, Tierrasanta has remained a Seller's Market.
Key Takeaway
Tierrasanta is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tierrasanta, CA
How much do homes in Tierrasanta, CA cost?
Median Sold Price
$985,000
$608/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$36,000(+3.8%)
Key Takeaway
Homes in Tierrasanta have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Tierrasanta was $985,000 in October 2024, up 3.8% from last year, and the median price per square foot was $608.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $505K | $570.7K | +13.0% |
| 2 Bedrooms | $725K | $761K | +5.0% |
| 3 Bedrooms | $872.5K | $955K | +9.5% |
| 4 Bedrooms | $1.1M | $1.2M | +12.9% |
| 5+ Bedrooms | $1.2M | $1.4M | +19.3% |
Summary: Tierrasanta housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 19.3%.
Median Sold Price Compared To Nearby Neighborhoods
| San Carlos | $960K | $1.0M | +12.0% |
| Lake Murray | $890K | $972.4K | +9.3% |
| Grantville | $475K | $515K | +8.4% |
| Eastern San Diego | $885.5K | $950.3K | +7.3% |
| Tierrasanta | $949K | $985K | +3.8% |
Housing Supply in Tierrasanta, CA
How many homes are available in Tierrasanta, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 47 | +17.5% |
Summary: The Tierrasanta real estate market had 47 homes for sale in October 2024, a 17.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 12 | +50.0% |
| 3 Bedrooms | 15 | 18 | +20.0% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Tierrasanta 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 increased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 14 | +40.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tierrasanta, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Tierrasanta in October 2024, up by 40.0% month-over-month. Of the 14 sold homes, 57% were sold under asking, 7% were sold at asking, and 36% were sold over asking.
Days on Market for Tierrasanta, CA
How long does it take to sell a home in Tierrasanta, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 27 Days | +47.4% |
Summary: Homes in Tierrasanta had an average of 27 days on market in Oct 2024, up by 47.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tierrasanta are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in Tierrasanta; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% 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.