$10,000 Closing Credit*
$1,075,000
2,304 SqFt
4 Beds
•2 Full Baths, 1 Partial
Dani M. Wilcox, Listing Office: KW Coastal Estates
Is Toro Park, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Toro Park has remained a Seller's Market.
Key Takeaway
Toro Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Toro Park, CA
How much do homes in Toro Park, CA cost?
Median Sold Price
$1,130,000
$512/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$60,000(-5.0%)
Key Takeaway
Homes in Toro Park have sold for 5% less than they did a year ago.
Summary: The median home sold price in Toro Park was $1,130,000 in November 2024, down 5% from last year, and the median price per square foot was $512.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $870K | - | N/A |
| 2 Bedrooms | $975K | $737.5K | -24.4% |
| 3 Bedrooms | $1.0M | $1.0M | -6.1% |
| 4 Bedrooms | $1.3M | $1.1M | -9.0% |
| 5+ Bedrooms | $1.4M | $1.4M | +2.7% |
Summary: Toro Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 24.4%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes increased by 2.7%.
Median Sold Price Compared To Nearby Cities
| Carmel Valley | $1.6M | $1.6M | +2.9% |
| Toro Park | $1.1M | $1.1M | -5.0% |
| Seaside-Monterey | $1.1M | $1.0M | -6.7% |
Housing Supply in Toro Park, CA
How many homes are available in Toro Park, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 42 | +20.0% |
Summary: The Toro Park real estate market had 42 homes for sale in November 2024, a 20.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 16 | 18 | +12.5% |
| 4 Bedrooms | 13 | 17 | +30.8% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Toro Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 8 | +700.0% |
Asking Price vs. Sold Price
4 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 Toro Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Toro Park in November 2024, up by 700.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Toro Park, CA
How long does it take to sell a home in Toro Park, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 62 Days | +275.0% |
Summary: Homes in Toro Park had an average of 62 days on market in Nov 2024, up by 275% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Toro Park has remained consistent over time.
Summary: During November 2024, 8 homes were sold in Toro Park; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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.