Is La Mesa, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, La Mesa has remained a Seller's Market.
Housing Prices in La Mesa, CA
How much do homes in La Mesa, CA cost?
Median Sold Price
$827,857
$552/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in La Mesa was $827,857 in April 2024, up 7.5% from last year, and the median price per square foot was $552.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $389.5K | $412.5K | +5.9% |
2 Bedrooms | $577K | $605K | +4.9% |
3 Bedrooms | $814.8K | $850K | +4.3% |
4 Bedrooms | $945K | $1.0M | +9.0% |
5+ Bedrooms | $1.3M | $1.3M | +3.8% |
Summary: La Mesa housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 3.8%.
Median Sold Price Compared To Nearby Cities
El Cajon | $676.5K | $756.1K | +11.8% |
San Diego | $850.2K | $914.8K | +7.6% |
La Mesa | $769.9K | $827.8K | +7.5% |
Lemon Grove | $668.5K | $705K | +5.5% |
Housing Supply in La Mesa, CA
How many homes are available in La Mesa, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
140 | 142 | +1.4% |
Summary: The La Mesa real estate market had 142 homes for sale in April 2024, a 1.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 11 | +10.0% |
2 Bedrooms | 29 | 36 | +24.1% |
3 Bedrooms | 50 | 37 | -26.0% |
4 Bedrooms | 39 | 42 | +7.7% |
5+ Bedrooms | 12 | 16 | +33.3% |
Summary: The La Mesa housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 24.1%, 3 bedroom homes decreased by 26%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
45 | 46 | +2.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in La Mesa in April 2024, up by 2.2% month-over-month. Of the 46 sold homes, 20% were sold under asking, 28% were sold at asking, and 52% were sold over asking.
Days on Market for La Mesa, CA
How long does it take to sell a home in La Mesa, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 13 Days | -19.2% |
Summary: Homes in La Mesa had an average of 13 days on market in Apr 2024, down by 19.2% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 46 homes were sold in La Mesa; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.