Is Mountain Empire, 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, Mountain Empire has remained a Seller's Market.
Key Takeaway
Mountain Empire is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mountain Empire, CA
How much do homes in Mountain Empire, CA cost?
Median Sold Price
$471,500
$312/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mountain Empire have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Mountain Empire was $471,500 in May 2024, up 3.6% from last year, and the median price per square foot was $312.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $232.5K | $319.5K | +37.4% |
| 2 Bedrooms | $365K | $392.5K | +7.5% |
| 3 Bedrooms | $460K | $478K | +3.9% |
| 4 Bedrooms | $497.5K | $529.7K | +6.5% |
| 5+ Bedrooms | - | $550K | N/A |
Summary: Mountain Empire housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.4%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Mountain Empire | $455K | $471.5K | +3.6% |
| Pine Valley | $626.2K | $648K | +3.5% |
| Campo | $470K | $484.7K | +3.1% |
Housing Supply in Mountain Empire, CA
How many homes are available in Mountain Empire, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 31 | -8.8% |
Summary: The Mountain Empire real estate market had 31 homes for sale in May 2024, a 8.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Mountain Empire 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 decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 10 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mountain Empire, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Mountain Empire in May 2024, up by 100.0% month-over-month. Of the 10 sold homes, 50% were sold under asking, 40% were sold at asking, and 10% were sold over asking.
Days on Market for Mountain Empire, CA
How long does it take to sell a home in Mountain Empire, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 71 Days | 21 Days | -69.6% |
Summary: Homes in Mountain Empire had an average of 21 days on market in May 2024, down by 69.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mountain Empire are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Mountain Empire; 90% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% 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.