Is San Gorgonio Pass, 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, San Gorgonio Pass has remained a Seller's Market.
Key Takeaway
San Gorgonio Pass is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in San Gorgonio Pass, CA
How much do homes in San Gorgonio Pass, CA cost?
Median Sold Price
$473,855
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in San Gorgonio Pass have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in San Gorgonio Pass was $473,855 in May 2024, up 1.9% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245K | $230.5K | -5.9% |
| 2 Bedrooms | $380.5K | $385.6K | +1.3% |
| 3 Bedrooms | $454.5K | $465K | +2.3% |
| 4 Bedrooms | $537.2K | $549.8K | +2.3% |
| 5+ Bedrooms | $590K | $607.5K | +3.0% |
Summary: San Gorgonio Pass housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.9%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 3%.
Housing Supply in San Gorgonio Pass, CA
How many homes are available in San Gorgonio Pass, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 463 | 500 | +8.0% |
Summary: The San Gorgonio Pass real estate market had 500 homes for sale in May 2024, a 8.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 120 | 134 | +11.7% |
| 3 Bedrooms | 148 | 144 | -2.7% |
| 4 Bedrooms | 143 | 161 | +12.6% |
| 5+ Bedrooms | 51 | 59 | +15.7% |
Summary: The San Gorgonio Pass housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 11.7%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 15.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 111 | 103 | -7.2% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in San Gorgonio Pass, you may be able to get a good deal. 36.9% of homes here sold below asking price last month.
Summary: A total of 103 homes were sold or pending in San Gorgonio Pass in May 2024, down by 7.2% month-over-month. Of the 103 sold homes, 37% were sold under asking, 31% were sold at asking, and 32% were sold over asking.
Days on Market for San Gorgonio Pass, CA
How long does it take to sell a home in San Gorgonio Pass, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 49 Days | 36 Days | -27.7% |
Summary: Homes in San Gorgonio Pass had an average of 36 days on market in May 2024, down by 27.7% compared to last year.
Breakdown of Home Sale Times
60 Homes Were Sold
Under 30 Days
37 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in San Gorgonio Pass are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 103 homes were sold in San Gorgonio Pass; 58% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 6% 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.