$6,531 Closing Credit*
$549,998
1,287 SqFt
2 Beds
•2 Full Baths
Julia M Hanson, Listing Office: KW Coastal Estates
Is West Salinas, 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, 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
$690,000
$470/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,500(+0.4%)
Key Takeaway
The sold price of homes in West Salinas has remained the same since last year.
Summary: The median home sold price in West Salinas was $690,000 in October 2024, up 0.4% from last year, and the median price per square foot was $470.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $359K | $345K | -3.9% |
| 2 Bedrooms | $562.5K | $578.5K | +2.8% |
| 3 Bedrooms | $690K | $734.2K | +6.4% |
| 4 Bedrooms | $717.5K | $795K | +10.8% |
| 5+ Bedrooms | $855K | $905K | +5.8% |
Summary: West Salinas housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.9%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 10.8%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 31 | -11.4% |
Summary: The West Salinas real estate market had 31 homes for sale in October 2024, a 11.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 10 | 6 | -40.0% |
| 3 Bedrooms | 17 | 16 | -5.9% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The West Salinas 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 decreased by 40%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 15 | +36.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Salinas, you may be able to get a good deal. 35.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in West Salinas in October 2024, up by 36.4% month-over-month. Of the 14 sold homes, 36% were sold under asking, 29% were sold at asking, and 36% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 34 Days | +280.6% |
Summary: Homes in West Salinas had an average of 34 days on market in Oct 2024, up by 280.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in West Salinas are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in West Salinas; 87% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% 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.