Is Poway, 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, Poway has remained a Seller's Market.
Housing Prices in Poway, CA
How much do homes in Poway, CA cost?
Median Sold Price
$1,246,000
$634/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Poway was $1,246,000 in May 2024, up 20.1% from last year, and the median price per square foot was $634.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $665K | $670K | +0.8% |
3 Bedrooms | $854.9K | $982.5K | +14.9% |
4 Bedrooms | $1.2M | $1.4M | +16.3% |
5+ Bedrooms | $1.7M | $2.2M | +27.5% |
Summary: Poway 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 0.8%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 27.5%.
Median Sold Price Compared To Nearby Cities
Poway | $1.0M | $1.2M | +20.1% |
Ramona | $725K | $795K | +9.7% |
San Diego | $850.1K | $921.7K | +8.4% |
Oceanside-Escondido | $831K | $897K | +7.9% |
Housing Supply in Poway, CA
How many homes are available in Poway, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
93 | 101 | +8.6% |
Summary: The Poway real estate market had 101 homes for sale in May 2024, a 8.6% 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 | 5 | -16.7% |
3 Bedrooms | 28 | 27 | -3.6% |
4 Bedrooms | 46 | 46 | 0.0% |
5+ Bedrooms | 13 | 23 | +76.9% |
Summary: The Poway 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 16.7%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 76.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 35 | -12.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in Poway in May 2024, down by 12.5% month-over-month. Of the 35 sold homes, 26% were sold under asking, 17% were sold at asking, and 57% were sold over asking.
Days on Market for Poway, CA
How long does it take to sell a home in Poway, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
17 Days | 12 Days | -31.1% |
Summary: Homes in Poway had an average of 12 days on market in May 2024, down by 31.1% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 35 homes were sold in Poway; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.