Is West Imperial, 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, West Imperial has remained a Buyer's Market.
Housing Prices in West Imperial, CA
How much do homes in West Imperial, CA cost?
Median Sold Price
$280,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in West Imperial was $280,000 in May 2024, up 3.8% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $106K | - | N/A |
2 Bedrooms | $192.5K | $185K | -3.9% |
3 Bedrooms | $248K | $285K | +14.9% |
4 Bedrooms | $295K | $300K | +1.7% |
5+ Bedrooms | $320K | - | N/A |
Summary: West Imperial housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.9%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes did not change.
Housing Supply in West Imperial, CA
How many homes are available in West Imperial, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
43 | 40 | -7.0% |
Summary: The West Imperial real estate market had 40 homes for sale in May 2024, a 7.0% decrease 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 | 5 | 5 | 0.0% |
3 Bedrooms | 23 | 23 | 0.0% |
4 Bedrooms | 15 | 12 | -20.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The West Imperial 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 2 | -81.8% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in West Imperial in May 2024, down by 81.8% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for West Imperial, CA
How long does it take to sell a home in West Imperial, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
88 Days | 143 Days | +62.5% |
Summary: Homes in West Imperial had an average of 143 days on market in May 2024, up by 62.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in West Imperial; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.