Is Canyon Crest, 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, Canyon Crest has remained a Seller's Market.
Housing Prices in Canyon Crest, CA
How much do homes in Canyon Crest, CA cost?
Median Sold Price
$706,250
$363/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Canyon Crest was $706,250 in May 2024, up 11.7% from last year, and the median price per square foot was $363.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $331K | $360K | +8.8% |
2 Bedrooms | $404K | $442K | +9.4% |
3 Bedrooms | $622K | $647K | +4.0% |
4 Bedrooms | $700K | $795K | +13.6% |
5+ Bedrooms | $910K | $950K | +4.4% |
Summary: Canyon Crest housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Neighborhoods
University - Riverside | $490K | $594K | +21.2% |
Canyon Crest | $632.5K | $706.2K | +11.7% |
Mission Grove | $685K | $731K | +6.7% |
Housing Supply in Canyon Crest, CA
How many homes are available in Canyon Crest, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
50 | 59 | +18.0% |
Summary: The Canyon Crest real estate market had 59 homes for sale in May 2024, a 18.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 6 | 9 | +50.0% |
3 Bedrooms | 9 | 11 | +22.2% |
4 Bedrooms | 23 | 27 | +17.4% |
5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Canyon Crest housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 20 | +122.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Canyon Crest in May 2024, up by 122.2% month-over-month. Of the 20 sold homes, 35% were sold under asking, 10% were sold at asking, and 55% were sold over asking.
Days on Market for Canyon Crest, CA
How long does it take to sell a home in Canyon Crest, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
40 Days | 22 Days | -43.0% |
Summary: Homes in Canyon Crest had an average of 22 days on market in May 2024, down by 43% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 20 homes were sold in Canyon Crest; 65% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.