Is Valley Center, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Valley Center has remained a Seller's Market.
Key Takeaway
Valley Center is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Valley Center, CA
How much do homes in Valley Center, CA cost?
Median Sold Price
$900,000
$391/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Valley Center have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Valley Center was $900,000 in May 2024, up 2.7% from last year, and the median price per square foot was $391.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $1.1M | +275.0% |
| 2 Bedrooms | $730K | $685K | -6.2% |
| 3 Bedrooms | $835K | $851.5K | +2.0% |
| 4 Bedrooms | $925K | $1.0M | +8.1% |
| 5+ Bedrooms | $1.1M | $1.1M | -5.9% |
Summary: Valley Center housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 275%, 2 bedroom homes decreased by 6.2%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 5.9%.
Median Sold Price Compared To Nearby Cities
| Escondido | $715K | $830K | +16.1% |
| Oceanside-Escondido | $831K | $897K | +7.9% |
| Fallbrook | $842.3K | $875K | +3.9% |
| Valley Center | $876K | $900K | +2.7% |
| Pauma Valley | $769K | $774K | +0.7% |
Housing Supply in Valley Center, CA
How many homes are available in Valley Center, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 115 | 131 | +13.9% |
Summary: The Valley Center real estate market had 131 homes for sale in May 2024, a 13.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 53 | 57 | +7.5% |
| 4 Bedrooms | 39 | 43 | +10.3% |
| 5+ Bedrooms | 17 | 24 | +41.2% |
Summary: The Valley Center housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 41.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 28 | 23 | -17.9% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Valley Center, you may be able to get a good deal. 65.2% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Valley Center in May 2024, down by 17.9% month-over-month. Of the 23 sold homes, 65% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Valley Center, CA
How long does it take to sell a home in Valley Center, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 20 Days | 32 Days | +53.9% |
Summary: Homes in Valley Center had an average of 32 days on market in May 2024, up by 53.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Valley Center are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 23 homes were sold in Valley Center; 52% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 4% 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.