Is North Salinas, 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, North Salinas has remained a Seller's Market.
Housing Prices in North Salinas, CA
How much do homes in North Salinas, CA cost?
Median Sold Price
$642,000
$471/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in North Salinas was $642,000 in May 2024, up 3.5% from last year, and the median price per square foot was $471.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $299.5K | $329K | +9.8% |
2 Bedrooms | $400K | $535K | +33.8% |
3 Bedrooms | $627.5K | $640K | +2.0% |
4 Bedrooms | $690.5K | $677.5K | -1.9% |
5+ Bedrooms | $805K | $860K | +6.8% |
Summary: North Salinas housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 33.8%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 6.8%.
Median Sold Price Compared To Nearby Neighborhoods
Harden Ranch | $738K | $770.7K | +4.4% |
North Salinas | $620K | $642K | +3.5% |
Santa Lucia Village | $621K | $642K | +3.4% |
Laurel Park | $570K | $586K | +2.8% |
Housing Supply in North Salinas, CA
How many homes are available in North Salinas, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 31 | -11.4% |
Summary: The North Salinas real estate market had 31 homes for sale in May 2024, a 11.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 2 | -50.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 19 | 16 | -15.8% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The North Salinas housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 12 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in North Salinas in May 2024, down by 20.0% month-over-month. Of the 12 sold homes, 8% were sold under asking, 0% were sold at asking, and 92% were sold over asking.
Days on Market for North Salinas, CA
How long does it take to sell a home in North Salinas, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
20 Days | 8 Days | -59.2% |
Summary: Homes in North Salinas had an average of 8 days on market in May 2024, down by 59.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in North Salinas; 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.