Is West 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, West Salinas has remained a Seller's Market.
Key Takeaway
West Salinas is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Salinas, CA
How much do homes in West Salinas, CA cost?
Median Sold Price
$706,000
$462/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in West Salinas have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in West Salinas was $706,000 in May 2024, up 8.5% from last year, and the median price per square foot was $462.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $359K | $320K | -10.9% |
| 2 Bedrooms | $530K | $565K | +6.6% |
| 3 Bedrooms | $659K | $723.7K | +9.8% |
| 4 Bedrooms | $750K | $750K | 0.0% |
| 5+ Bedrooms | $810K | $825K | +1.9% |
Summary: West Salinas housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.9%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 9.8%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 1.9%.
Housing Supply in West Salinas, CA
How many homes are available in West Salinas, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 24 | 0.0% |
Summary: The West Salinas real estate market had 24 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 | 2 | 2 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The West Salinas 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 increased by 14.3%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
3 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 West Salinas, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in West Salinas in May 2024, up by 42.9% month-over-month. Of the 10 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.
Days on Market for West Salinas, CA
How long does it take to sell a home in West Salinas, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 22 Days | 26 Days | +17.3% |
Summary: Homes in West Salinas had an average of 26 days on market in May 2024, up by 17.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in West Salinas are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in West Salinas; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% 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.