Is West Salinas, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Salinas is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, West Salinas has remained a Seller's Market.

Key Takeaway

West Salinas is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in West Salinas, CA

How much do homes in West Salinas, CA cost?

Median Sold Price

$700,000

$471/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$10,000(+1.4%)

Key Takeaway

Homes in West Salinas have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in West Salinas was $700,000 in November 2024, up 1.4% from last year, and the median price per square foot was $471.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $359K$345K
-3.9%
2 $565K$578.5K
+2.4%
3 $692.5K$745K
+7.6%
4 $720K$805K
+11.8%
5+ $855K$905K
+5.8%

Summary: West Salinas housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.9%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 5.8%.

Housing Supply in West Salinas, CA

How many homes are available in West Salinas, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
31310.0%

Summary: The West Salinas real estate market had 31 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 67
+16.7%
3 1615
-6.3%
4 66
0.0%
5+ 11
0.0%

Summary: The West Salinas 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 16.7%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
156-60.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Salinas, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in West Salinas in November 2024, down by 60.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for West Salinas, CA

How long does it take to sell a home in West Salinas, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
37 Days45 Days+21.0%

Summary: Homes in West Salinas had an average of 45 days on market in Nov 2024, up by 21% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in West Salinas has remained consistent over time.

Summary: During November 2024, 6 homes were sold in West Salinas; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in West Salinas, CA

Nearby Markets to West Salinas, CA