Is Wildomar, 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, Wildomar has remained a Seller's Market.
Housing Prices in Wildomar, CA
How much do homes in Wildomar, CA cost?
Median Sold Price
$639,000
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Wildomar was $639,000 in May 2024, up 6% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | - | N/A |
2 Bedrooms | $419K | $440K | +5.0% |
3 Bedrooms | $560K | $586K | +4.7% |
4 Bedrooms | $605K | $650K | +7.4% |
5+ Bedrooms | $667.5K | $699.5K | +4.8% |
Summary: Wildomar 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 5%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Cities
Wildomar | $603K | $639K | +6.0% |
Murrieta | $630.5K | $666.3K | +5.7% |
Perris Valley | $536.7K | $554.7K | +3.4% |
Menifee | $539.9K | $557.5K | +3.3% |
Lake Elsinore | $562.5K | $575K | +2.2% |
Housing Supply in Wildomar, CA
How many homes are available in Wildomar, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
92 | 96 | +4.3% |
Summary: The Wildomar real estate market had 96 homes for sale in May 2024, a 4.3% 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 | 6 | 7 | +16.7% |
3 Bedrooms | 20 | 24 | +20.0% |
4 Bedrooms | 45 | 41 | -8.9% |
5+ Bedrooms | 21 | 24 | +14.3% |
Summary: The Wildomar 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 increased by 16.7%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 8.9%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 24 | -11.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Wildomar in May 2024, down by 11.1% month-over-month. Of the 24 sold homes, 21% were sold under asking, 29% were sold at asking, and 50% were sold over asking.
Days on Market for Wildomar, CA
How long does it take to sell a home in Wildomar, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
35 Days | 38 Days | +7.7% |
Summary: Homes in Wildomar had an average of 38 days on market in May 2024, up by 7.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 24 homes were sold in Wildomar; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.