Is Loma Linda, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Loma Linda was a Seller's Market.
Key Takeaway
Loma Linda is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Loma Linda, CA
How much do homes in Loma Linda, CA cost?
Median Sold Price
$585,000
$360/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Loma Linda have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in Loma Linda was $585,000 in May 2024, up 0.9% from last year, and the median price per square foot was $360.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270.5K | $255K | -5.7% |
| 2 Bedrooms | $440K | $475K | +8.0% |
| 3 Bedrooms | $575K | $565K | -1.7% |
| 4 Bedrooms | $665K | $685K | +3.0% |
| 5+ Bedrooms | $725K | $722.5K | -0.3% |
Summary: Loma Linda housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.7%, 2 bedroom homes increased by 8%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 0.3%.
Median Sold Price Compared To Nearby Cities
| Redlands | $580.9K | $622.6K | +7.2% |
| Colton | $465K | $483K | +3.9% |
| San Bernardino | $454.9K | $472.5K | +3.9% |
| Loma Linda | $580K | $585K | +0.9% |
Housing Supply in Loma Linda, CA
How many homes are available in Loma Linda, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 38 | 39 | +2.6% |
Summary: The Loma Linda real estate market had 39 homes for sale in May 2024, a 2.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 15 | 17 | +13.3% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Loma Linda 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 decreased by 16.7%, 3 bedroom homes increased by 13.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 6 | -45.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Loma Linda, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Loma Linda in May 2024, down by 45.5% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Loma Linda, CA
How long does it take to sell a home in Loma Linda, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 45 Days | 44 Days | -2.0% |
Summary: Homes in Loma Linda had an average of 44 days on market in May 2024, down by 2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Loma Linda has remained consistent over time.
Summary: During May 2024, 6 homes were sold in Loma Linda; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% 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.