Is West Salinas, 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 Salinas has remained a Seller's Market.
Housing Prices in West Salinas, CA
How much do homes in West Salinas, CA cost?
Median Sold Price
$706,000
$462/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in West Salinas was $706,000 in May 2024, up 8.5% from last year, and the median price per square foot was $462.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $359K | $320K | -10.9% |
2 Bedrooms | $530K | $565K | +6.6% |
3 Bedrooms | $659K | $723.7K | +9.8% |
4 Bedrooms | $750K | $750K | 0.0% |
5+ Bedrooms | $810K | $825K | +1.9% |
Summary: West Salinas housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.9%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 9.8%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 1.9%.
Housing Supply in West Salinas, CA
How many homes are available in West Salinas, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 24 | 0.0% |
Summary: The West Salinas real estate market had 24 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 8 | 8 | 0.0% |
3 Bedrooms | 7 | 8 | +14.3% |
4 Bedrooms | 5 | 3 | -40.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The West Salinas 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 increased by 14.3%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 10 | +42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in West Salinas in May 2024, up by 42.9% month-over-month. Of the 10 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 26 Days | +17.3% |
Summary: Homes in West Salinas had an average of 26 days on market in May 2024, up by 17.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in West Salinas; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.