Is San Miguel, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, San Miguel was a Buyer's Market.
Key Takeaway
San Miguel is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in San Miguel, CA
How much do homes in San Miguel, CA cost?
Median Sold Price
$598,000
$437/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
The sold price of homes in San Miguel has remained the same since last month.
Summary: The median home sold price in San Miguel was $598,000 in April 2024, down 0.3% from last month, and the median price per square foot was $437.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $1.0M | $672K | -36.0% |
| 3 Bedrooms | $527K | $590K | +12.0% |
| 4 Bedrooms | $600K | $874K | +45.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: San Miguel housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 36%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 45.7%, and 5+ bedroom homes did not change.
Housing Supply in San Miguel, CA
How many homes are available in San Miguel, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Summary: The San Miguel real estate market had 21 homes for sale in April 2024, a 4.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The San Miguel housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 9 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in San Miguel, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in San Miguel in April 2024, up by 200.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 33% were sold at asking, and 44% were sold over asking.
Days on Market for San Miguel, CA
How long does it take to sell a home in San Miguel, CA?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 Days | 13 Days | -47.6% |
Summary: Homes in San Miguel had an average of 13 days on market in Apr 2024, down by 47.6% compared to last month.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in San Miguel are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in San Miguel; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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.