Is San Luis Rey, 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 Luis Rey has remained a Seller's Market.
Key Takeaway
San Luis Rey is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in San Luis Rey, CA
How much do homes in San Luis Rey, CA cost?
Median Sold Price
$677,500
$479/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in San Luis Rey have sold for 15.7% more than they did a year ago.
Summary: The median home sold price in San Luis Rey was $677,500 in May 2024, up 15.7% from last year, and the median price per square foot was $479.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $435K | N/A |
| 2 Bedrooms | $510K | $550K | +7.8% |
| 3 Bedrooms | $690K | $709K | +2.8% |
| 4 Bedrooms | $820K | $892.5K | +8.8% |
| 5+ Bedrooms | $851.5K | $995K | +16.9% |
Summary: San Luis Rey housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 16.9%.
Median Sold Price Compared To Nearby Neighborhoods
| San Luis Rey | $585.5K | $677.5K | +15.7% |
| Ivey Ranch / Rancho Del Oro | $821.5K | $872.5K | +6.2% |
Housing Supply in San Luis Rey, CA
How many homes are available in San Luis Rey, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 44 | 46 | +4.5% |
Summary: The San Luis Rey real estate market had 46 homes for sale in May 2024, a 4.5% 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 | 27 | 24 | -11.1% |
| 3 Bedrooms | 9 | 11 | +22.2% |
| 4 Bedrooms | 6 | 10 | +66.7% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The San Luis Rey 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 11.1%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 11 | -26.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in San Luis Rey, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in San Luis Rey in May 2024, down by 26.7% month-over-month. Of the 11 sold homes, 36% were sold under asking, 18% were sold at asking, and 45% were sold over asking.
Days on Market for San Luis Rey, CA
How long does it take to sell a home in San Luis Rey, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 20 Days | 12 Days | -41.1% |
Summary: Homes in San Luis Rey had an average of 12 days on market in May 2024, down by 41.1% compared to last year.
Breakdown of Home Sale Times
11 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 Luis Rey are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in San Luis Rey; 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.