Is Fallbrook, 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, Fallbrook has remained a Seller's Market.
Housing Prices in Fallbrook, CA
How much do homes in Fallbrook, CA cost?
Median Sold Price
$875,000
$414/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fallbrook was $875,000 in May 2024, up 3.9% from last year, and the median price per square foot was $414.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $367.5K | $404K | +9.9% |
2 Bedrooms | $558.5K | $640K | +14.6% |
3 Bedrooms | $770K | $799.5K | +3.8% |
4 Bedrooms | $917K | $988.7K | +7.8% |
5+ Bedrooms | $1.3M | $1.3M | 0.0% |
Summary: Fallbrook housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.9%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Fallbrook | $842.3K | $875K | +3.9% |
Valley Center | $876K | $900K | +2.7% |
Pauma Valley | $769K | $774K | +0.7% |
Housing Supply in Fallbrook, CA
How many homes are available in Fallbrook, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
236 | 245 | +3.8% |
Summary: The Fallbrook real estate market had 245 homes for sale in May 2024, a 3.8% 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 | 19 | 23 | +21.1% |
3 Bedrooms | 112 | 116 | +3.6% |
4 Bedrooms | 72 | 71 | -1.4% |
5+ Bedrooms | 32 | 33 | +3.1% |
Summary: The Fallbrook 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 21.1%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 3.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
61 | 49 | -19.7% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 49 homes were sold or pending in Fallbrook in May 2024, down by 19.7% month-over-month. Of the 49 sold homes, 39% were sold under asking, 16% were sold at asking, and 45% were sold over asking.
Days on Market for Fallbrook, CA
How long does it take to sell a home in Fallbrook, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
37 Days | 37 Days | -1.0% |
Summary: Homes in Fallbrook had an average of 37 days on market in May 2024, down by 1% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 49 homes were sold in Fallbrook; 65% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.