Is Toro Park, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Toro Park was a Seller's Market.
Key Takeaway
Toro Park is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Toro Park, CA
How much do homes in Toro Park, CA cost?
Median Sold Price
$1,182,500
$512/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Toro Park have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Toro Park was $1,182,500 in May 2024, up 8.7% from last year, and the median price per square foot was $512.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $870K | N/A |
| 2 Bedrooms | $750K | $1.1M | +46.7% |
| 3 Bedrooms | $1.0M | $1.0M | +7.5% |
| 4 Bedrooms | $1.2M | $1.2M | +1.1% |
| 5+ Bedrooms | $1.3M | $1.3M | +1.7% |
Summary: Toro Park 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 46.7%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Cities
| Toro Park | $1.0M | $1.1M | +8.7% |
| Seaside-Monterey | $1.0M | $1.0M | +5.5% |
| Carmel Valley | $1.6M | $1.6M | -0.5% |
Housing Supply in Toro Park, CA
How many homes are available in Toro Park, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 34 | 0.0% |
Summary: The Toro Park real estate market had 34 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 15 | 15 | 0.0% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Toro Park 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Toro Park, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Toro Park in May 2024, down by 37.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Toro Park, CA
How long does it take to sell a home in Toro Park, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 19 Days | 50 Days | +159.9% |
Summary: Homes in Toro Park had an average of 50 days on market in May 2024, up by 159.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Toro Park are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Toro Park; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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.