Is Magnolia Center, 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, Magnolia Center has remained a Seller's Market.
Housing Prices in Magnolia Center, CA
How much do homes in Magnolia Center, CA cost?
Median Sold Price
$577,000
$417/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Magnolia Center was $577,000 in May 2024, up 7.9% from last year, and the median price per square foot was $417.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $276K | - | N/A |
2 Bedrooms | $470K | $522.9K | +11.3% |
3 Bedrooms | $547.4K | $592.5K | +8.2% |
4 Bedrooms | $610K | $650K | +6.6% |
5+ Bedrooms | $655K | $650K | -0.8% |
Summary: Magnolia Center 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 11.3%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes decreased by 0.8%.
Housing Supply in Magnolia Center, CA
How many homes are available in Magnolia Center, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 30 | +3.4% |
Summary: The Magnolia Center real estate market had 30 homes for sale in May 2024, a 3.4% 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 | 10 | 8 | -20.0% |
3 Bedrooms | 13 | 18 | +38.5% |
4 Bedrooms | 5 | 3 | -40.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Magnolia Center 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 20%, 3 bedroom homes increased by 38.5%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 8 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Magnolia Center in May 2024, up by 33.3% month-over-month. Of the 8 sold homes, 13% were sold under asking, 38% were sold at asking, and 50% were sold over asking.
Days on Market for Magnolia Center, CA
How long does it take to sell a home in Magnolia Center, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 40 Days | +126.0% |
Summary: Homes in Magnolia Center had an average of 40 days on market in May 2024, up by 126% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Magnolia Center; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.