Is Elsinore Valley, 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, Elsinore Valley has remained a Seller's Market.
Housing Prices in Elsinore Valley, CA
How much do homes in Elsinore Valley, CA cost?
Median Sold Price
$626,365
$320/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Elsinore Valley was $626,365 in May 2024, up 5.7% from last year, and the median price per square foot was $320.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $351.5K | $395K | +12.4% |
2 Bedrooms | $495K | $535K | +8.1% |
3 Bedrooms | $550K | $575K | +4.5% |
4 Bedrooms | $625K | $650K | +4.0% |
5+ Bedrooms | $728.5K | $779K | +6.9% |
Summary: Elsinore Valley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.4%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 6.9%.
Median Sold Price Compared To Nearby Cities
Elsinore Valley | $592.5K | $626.3K | +5.7% |
Lake Mathews | $756.7K | $800K | +5.7% |
Quail Valley | $629.1K | $660K | +4.9% |
Lake Elsinore | $562.5K | $575K | +2.2% |
Canyon Lake | $659.9K | $669K | +1.4% |
Housing Supply in Elsinore Valley, CA
How many homes are available in Elsinore Valley, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
452 | 432 | -4.4% |
Summary: The Elsinore Valley real estate market had 432 homes for sale in May 2024, a 4.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 52 | 63 | +21.2% |
3 Bedrooms | 152 | 140 | -7.9% |
4 Bedrooms | 168 | 148 | -11.9% |
5+ Bedrooms | 77 | 76 | -1.3% |
Summary: The Elsinore Valley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 21.2%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes decreased by 11.9%, and 5+ bedroom homes decreased by 1.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
118 | 113 | -4.2% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
46 Homes Were Sold
Over Asking
Summary: A total of 113 homes were sold or pending in Elsinore Valley in May 2024, down by 4.2% month-over-month. Of the 113 sold homes, 33% were sold under asking, 27% were sold at asking, and 41% were sold over asking.
Days on Market for Elsinore Valley, CA
How long does it take to sell a home in Elsinore Valley, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
51 Days | 31 Days | -39.4% |
Summary: Homes in Elsinore Valley had an average of 31 days on market in May 2024, down by 39.4% compared to last year.
Breakdown of Home Sale Times
74 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During May 2024, 113 homes were sold in Elsinore Valley; 65% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.